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Earn +20 ptsQ: Is amount financed equal to the cash price plus the down?
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Continue Learning about Math & Arithmetic
What shows how installment loans are calculated?
amount financed= cash price- down payment
What equation shows how installments loan are calculated?
amount financed = cash price - down payment
What is a discount?
A blind discount is defined as the difference in cost between the listed cash price for equipment and the reduced financed amount. It can also be the difference between the list price of a ca and a lower interest rate.
Are cash discounts subtracted from sales?
According to how I read the section in the related link, the cash discount can be deducted from the amount of the sale, and the discounted sale price is recorded.
How are inequalities use in every day life?
You drive at less than or equal to the speed limit (don't you?) You spend less that or equal to the amount of cash that you have.
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