Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. your friend just purchased a new sports car for $3

Your friend just purchased a new sports car for $32,000. He received $6,000 for his...

50.1K

Verified Solution

Question

Basic Math

image

Your friend just purchased a new sports car for $32,000. He received $6,000 for his trade in and he used that money as a down payment for the new sports car. He financed the vehicle at 6.76% APR over 48 months with a monthly payment of $619.15. Determine, from the given information, the finance charge.(A) $3,719.20(B) $5,476.10(C) $4,610.64(D) $6,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

why might a cell in your body not change, even in the presence of a hormone signal...

Physics
1.2K views

You measure the oscillations of a pendulum four times, and find that it makes 15 complete...

Biology
1.2K views

In the Calvin cycle, how many ATP molecules are required to regenerate RuBP from five...

Physics
1.2K views

7 A solid sphere of mass m is suspended through a string in a liquid...

Basic Math
1.2K views

On the graph of f(x) = sin x and the interval[-2?, 0), for what value(s)...

Algebra
1.2K views

Let A 2 a Find the eigenvalues and eigenvectors of A b Verify that det...

Algebra
1.2K views

4 Simplify 4x 8x 3x 6x O O 21x 0 7x 14x 12x 14x 12x...

Accounting
1.2K views

To guide cost allocation decisions, the fairness or equity criterion is ...

Accounting
1.2K views

Break-even analysis Break-even calculations are most often concerned with the effect of a shortfall in...

Finance
1.2K views

Saleem Swingman has been playing baseball since he was five years old and has always...

Accounting
1.2K views

Practice Problem 4 (30 minutes) Sassy Home Inc. (SHI) is a home fashion retailer that...

Finance
1.2K views

Use the following information to answer the next three questions: You are evaluating a project...