Question

Tim worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the amount financed and what is the apr on his loan? Amount financed = $__________ apr (to the nearest tenth) = _________%

Answer 1

Answer:

People travel from one place to another and also transport food stuff by different ways. They mostly use animals such as donkey, camel and other for their comfort. ... Now days different highly modern and advanced transport system is established for the safety of human beings which is also easy,cheap and take short time.