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The Nature of Mathematics – 13th Edition

Installment buying

Section 11.2: Installment Buying

September 25, 2015July 16, 2015 by elaine

11.2 Outline

  1. Terminology
    1. types of installments
      1. closed-end loan
      2. open- end loan
    2. ways of calculating interest
      1. add-on interest
      2. amortization
  2. . Add-on interest
    1. installment loan formulas
    2. buying a car
  3. Annual percentage rate (APR)
    1. APR formula
    2. compare 0% financing with APR
  4. . Open-end
… See the whole entry
Categories Chapter 11, Essential Ideas Tags Annual percentage rate (APR), Credit, Installment buying, Interest, Loans
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