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From this partial advertisement: $110.34 per month for 60 months $4,900 used car cash price...

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Question

Accounting

From this partial advertisement: $110.34 per month for 60 months $4,900 used car cash price $50 down payment

a. Calculate the amount financed.

b. Calculate the finance charge. (Round your answer to the nearest cent.)

c. Calculate the deferred payment price. (Round your answer to the nearest cent.)

d. Calculate the APR by (Use Table 14.1 and Table 14.1(b)). (Round your answers to 2 decimal places.)

e. Calculate monthly payment (by formula). (Round your answer to the nearest cent.)

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