Find the refund fraction he should use

Assignment Help Mathematics
Reference no: EM131623143

Question: 1. John Paszel took out a loan for 48 months but paid it in full after 28 months. Find the refund fraction he should use to calculate the amount of his refund.

2. If the finance charge on a loan made by Marjorie Young is $1,645 and the loan is to be paid in 48 monthly payments, find the finance charge refund if the loan is paid in full with 28 months remaining.

Reference no: EM131623143

Questions Cloud

Describe the architecture of a popular hypervisor : The Chief Information Officer of Oza Corporation is concerned that the building space in the existing data center is inadequate to support additional server.
How much finance charge will he get credit : Phillamone Berry has a car loan with a company that refunds interest using the rule of 78 when loans are paid in full ahead of schedule.
Compare the authors take on email with your own professional : Discussion: English Professional Communication. Compare the author's take on email with your own professional/personal experience using email.
Solve a common problem : Imagine a product that might solve a common problem in your industry of interest.
Find the refund fraction he should use : John Paszel took out a loan for 48 months but paid it in full after 28 months. Find the refund fraction he should use to calculate the amount of his refund.
Contribute to the self-employed plan : What is the maximum amount he may contribute to the self-employed plan in each of the following situations?
Define the bank under the trade practices act : In 1986 Murrandoo, a successful property developer, needed finance for a new property development on the Gold Coast.
What would be most realistic : What kind of organization would you like to work for? What would be the best? What would be most realistic?
Research methodologies and designs : Create a PowerPoint presentation describing 9 different research methodologies and designs that you find interesting.

Reviews

Write a Review

Mathematics Questions & Answers

  Neglect the thickness of the silo and waste in construction

Determine the dimensions to be used if the volume is fixed and the cost of construction is to be a minimum. Neglect the thickness of the silo and waste in construction.

  Find expression for total cost per unit incurred by company

A company has fixed costs of F dollars per year and variable costs of c dollars per unit produced.

  Angle of elevation of the sun

How tall is a building that casts a 71 ft shadow when the angle of elevation of the sun34°?

  Program of the environment protection agency

The grants management program of the Environment Protection Agency (EPA) water division was formed several years ago. The program's main functions are to review grant applications, engineering design reports, and change orders and to perform opera..

  Use the gram-schmidt process to rewrite

Consider the basis B={(3,2),(1,-4)} for R^2, Use the Gram-Schmidt process to rewrite this basis as an orthonormalized basis.

  What is the z test statistic

You plan to test the hypothesis about the population mean score (is there significant evidence that it is less than 275?) At the 1% significance level. Give the null and alternative hypotheses. What is the z test statistic?

  Find the area formula for polar coordinates

Show that the area formula for polar coordinates gives the expected answer for the area of the circle r = a for 0 = ? = 2p.

  Differentiate an eulerian tour or eulerian circuit

Find the strongest condition you can that has to be satisfied by a graph that has a path, starting and ending at the same place.

  Express the total number s of square feet of glass needed

express the total number s of square feet of glass needed as a function of x

  Computing percentages

Suppose that a county ordinance requires a 2 1/5% 'fall' for a sewage pipe from the house to the main pipe at the street. How much vertical drop to nearest foot must there be for a horizontal distance of 55 feet.?

  Explain matlab richardson extrapolation

Matlab Richardson extrapolation, Write a Richardson extrapolation code and test it using f(x) = sin(x), x = 1.230959415400000

  Explain how to make the decision to pursue education in

develop a three- to four-page analysis excluding the title and reference pages on the projected return on investment

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd