Consumer Loan – personal credit debt auto

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algebra 1 help How do I write an equation for this problem?

Dawn S asked: a loan co charges a penalty of $10 the first time a consumer is late for a payment. The second penalty is $20, $40 for the third late payment and so on, doubling each time a payment is late. How do we make an equation for this problem.JESSE

Posted December 19th, 2008 in Mathematics | 3 Comments »

an interest rate on a consumer loan of 1.5% is most apt to be a(n)_____interest rate?

toni_toni_f asked: a.daily b.weekly c.monthly d.annualLES

Posted December 17th, 2008 in Mathematics | 3 Comments »

consumer arithmetic help need working out?

toosxc4myshirt(= asked: A $25000 loan is repaid over 8 years with monthly installments of $391. What was the interest rate (p.a.) charged on the loan? the answer is: 6.3% p.a.LOUIE

Posted September 3rd, 2008 in Mathematics | 1 Comment »