A merchant charged $420 in cash for a dining room set that could be bought for $50

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A merchant charged $420 in cash for a dining room set that could be bought for $50 down and $40.75 per month for 10 months. What is the annual percentage rate?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:49 AM

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A merchant charged $420 in cash for a dining room set that could be bought for $50

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Amount financed 420 50 370 Amount paid back 407510 40750 ...View the full answer

Business Math

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