Landon Wallin is an auto mechanic who wishes to start his own business. He will need ​$4300 to purchase tools and equipment. Landon decides to finance the purchase with a 60​-month fixed installment loan with an APR of 5​%. ​a) Determine​ Landon's finance charge.
​b) Determine​ Landon's monthly payment.

step-by-step explanation:

de-gf

hj=3x+20

ji=15x-64

do your own work and don"t cheat.

step-by-step explanation:

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

a_n = a_1 + (n - 1)d

the first term is 6.

the common difference d = ?

when you find d, replace n with 7 and d with the common difference to find your answer.