Recent content by -BrownEyedBeauty-

Richard finds a car for $10,000. He has $2,000 to put down, but must take out an $8000 loan. During his search, he finds that the interest on most auto loans is quoted as add-on rates(the life of the loan, interest is paid in the full amount borrowed even though a portion of the prinicpal has...

Sidney took a $200 cash advance by using checks linked to her credit card account. The bank charges 2% cash advance fee on the amount borrowed. Sidney paid the balance in full when the bill arrived. *What was the cash advance fee? *What was the interest for one month at an 18% APR? *What was the...