Financing a New Roof Jaime Capobianco needs a new roof on
Chapter 11, Problem 11.1.196(choose chapter or problem)
Financing a New Roof Jaime Capobianco needs a new roof on her house. The cash cost is $7500. She decides to finance the project by paying 20% down, with the balance paid in 36 monthly payments of $189.40. a) What finance charge will Jaime pay? b) What is the APR to the nearest half percent?
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