If Carlos bought a CD player for $149.89 and he made a down payment of $45 and will pay off the balance in one year and the finance charge is 21.35%, what is the total amount Carlos will have to pay
The total amount that Carlos will have to pay for his CD player is $172.28. ChaCha!
Last Week's Popular Questions for Finance
Two politicians are debating the best ways to spur long-term growth in the nation's real GDP per capita. Candidate X says that we should lower income taxes so that households have more money to spend on goods and services. Candidate why says that we should lower taxes on interest income so that households have more incentive to save a larger share of their income. Which candidate has the right idea?
While Candidate X has a policy that will get people shopping, the better...
What is the main issue regarding the comparative advertising budgets of the fast food industry, the candy companies, and the "5 a Day Fresh Fruit & Vegetable Campaign"?
They are and represent completely different markets. To effectively compare these...
The market for loanable funds is in equilibrium. All else equal, the federal government deficit is growing. Describe how this will affect the market for loanable funds, the equilibrium interest rate, and the equilibrium quantity of loanable funds.
In terms of a market for loanable framework, your answer should be that the...
State war debts at the start of Washington's presidency totaled over 21 million. Less than 10 million over 100 million more than 50 million.
more than 50 million. By 1789, the national debt totaled more than $52...
In Micro-lending Poses Challenges in India, various micro-financing companies were sending people into villages pushing loans on the villagers without regard for what the money was going to be used for or if these villagers had any other outstanding loans. Critics say the goal of the companies doing this was to put village people into further debt. Make more money off of interest. Increase the volume of loans to attract big investors.
Increase the volume of loans to attract big investors.
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