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Landon Wallin is an auto mechanic who wishes to start his own business. He will...

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Accounting

Landon Wallin is an auto mechanic who wishes to start his own business. He will need $5000 to purchase tools and equipment. Landon decides to finance the purchase with a 36-month fixed installment loan with an APR of 5.5%. a) Determine Landon's finance charge. b) Determine Landon's monthly payment. Click the icon to view the partial APR table. a) Landon's finance charge is $ (Round to the nearest cent as needed.) b) Landon's monthly payment is $ (Round to the nearest cent as needed.)
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Landon Wallin is an auto mechanic who wishes to start his own business. He will need $5000 to purchase tools and equipment. Landon decides to finance the purchase with a 36 -month fixed installment loan with an APR of 5.5% a) Determine Landon's finance charge. b) Determine Landon's monthly payment. Click the icon to view the partial APR table. a) Landon's finance charge is $ (Round to the nearest cent as needed.) b) Landon's monthly payment is $ (Round to the nearest cent as needed.)

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