Please HELP ME! Carrie purchased a motorcycle for $7,948.?

Answers:7   |   LastUpdateAt:2017-12-12 22:27:14  

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Asked at 2012-07-26 10:35:06
Carrie purchased a motorcycle for $7,948. She made a down payment of $3,625. She applied for a four-year installment loan with an interest rate of 12.2%. What is the total cost of the motorcycle after four years?

$5,484.96

$10,083.84

$9,109.96

$13,708.84




Gilbert is graduating from college in twelve months, but he will need a loan in the amount of $5,125 for his last two semesters. He may either receive an unsubsidized Stafford Loan with an interest rate of 6.8%, compounded monthly, or his parents may get a PLUS Loan with an interest rate of 7.8%, compounded monthly. The Stafford Loan has a grace period of six months from the time of graduation. Which loan will have a higher balance at the time of repayment and by how much?

The Stafford Loan has a higher balance by $134.35.

The Stafford Loan has a higher balance by $274.36.

The PLUS Loan has a higher balance by $54.79.

The PLUS Loan has a higher balance by $85.22.


Caitlin works at a department store and earns $12.75 per hour. She has $42 removed from every paycheck for medical insurance. If her goal is to earn a gross income of $633.75 in one week, how many hours (h) must Caitlin work?

47

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Answer1 Answered at 2017-07-27 12:39:26
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Answer2 Answered at 2017-08-01 02:34:36
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