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Huggins, Inc., bought water pipe and financed the purchase for 6 months. The finance charge was $ 18. If the company pays off the loan two months early, what is the finance charge rebate?

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Calculate the number of days from January 7, 2004 to April 6, 2004 using exact time.

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Calculate the number of days from January 14, 2003 to March 9, 2003 using exact time.

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Lori Ranger received her Silver Charge bill with a balance of $ 426.40 as of October 1. Silver Charge calculates the finance charge as 18 % of the average daily balance. During the month, Lori had the following transactions:
October 7 Purchase $ 41.60
October 10 Payment $ 70
October 15 Purchase $ 31.25
October 20 Purchase $ 26.80
Find the new balance for the next month.

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Calculate the number of days from January 7, 2004 to April 6, 2004 using ordinary time.

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David Rachel bought a lawn tractor for $ 1150, making a down payment of $ 50 and financing the remainder for 12 months at $ 100 per month. What is the loan amount?

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Jim’s Cycle Shack got a $ 2400 loan to buy supplies. The loan carried exact interest at $ 23.01 for the 50-day loan period. What was the interest rate? {Round to the nearest hundredth.}

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Electronic Wholesale accepted a $ 900 , 6 % , 75 day- note from Tiny’s CB on June 28. The note was discounted on August 8 at 9 %. What is the net proceeds? (Use ordinary simple interest at ordinary (30-day-month) time).

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To repair a mower, Gober’s Landscaping took out an 12 % loan for 45 days with ordinary simple interst at ordinary time at $ 46.50. What is the principal of the loan?

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Wiser’s Electronics accepted a $3000 60-day note from Tiny’s CB on August 25. The note was discounted on September 10 at 11%. What is the net proceeds? (Use ordinary simple interest at exact time-banker’s interest.)

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On October 4, 2003 Gober’s Landscaping borrowed $ 7500 for equipment at 6 % interest with due date of December 15, 2003. What is the interest on the loan using ordinary simple interest at ordinary time?

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On October 4, 2003 Gober’s Landscaping borrowed $ 7500 for equipment at 6 % interest with due date of December 15, 2003. What is the interest on the loan using exact simple interest?

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David Rachel bought a lawn tractor for $ 1150, making a down payment of $ 50 and financing the remainder for 12 months at $ 100 per month. What is the APR using the table? {The table is on pages 406 and 407 of textbook.}

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If in the middle, take the higher percent

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Calculate the number of days from January 14, 2003 to March 9, 2003 using ordinary time.

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David Rachel bought a lawn tractor for $ 1150, making a down payment of $ 50 and financing the remainder for 12 months at $ 100 per month. What is the total installment cost?

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David Rachel bought a lawn tractor for $ 1150, making a down payment of $ 50 and financing the remainder for 12 months at $ 100 per month. What is the finance charge?

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In order to have enough motorcycles for opening day, Jim’s Cycle Shack took out a
$8620 loan at 18% with ordinary simple interest at exact time or $129.30. What is the time period (in days) of the loan?

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On October 4, 2003 Gober’s Landscaping borrowed $ 7500 for equipment at 6 % interest with due date of December 15, 2003. What is the interest on the loan using ordinary simple interest at exact time?

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David Rachel bought a lawn tractor for $ 1150, making a down payment of $ 50 and financing the remainder for 12 months at $ 100 per month. What is the APR using the formula? {Round to the nearest hundredth.}

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