Accounting Questions
1. determine the difference between the monthly payments on a $120,000 home at 61∕2% and at 8% for 25 years $140.10 per month Cash price: $5,600 Down payment: $0 Cash or trade months with bank-approved credit; amount financed: $5,600 Finance charge: $2,806 Total payments: $8,406 What is the APR by table lookup? A. […]
