Question
2. A car was purchased for $1200 down and payments of $226 at the end of each month for three years interest 7% compounded annually
2. A car was purchased for $1200 down and payments of $226 at the end of each month for three years interest 7% compounded annually what was the purchase of the car? how much interest will be paid
the purchase of the car was ?
the amount of interest that will be paid is $
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Step: 1
To solve this problem we need to find the total purchase price of the car and the total interes...
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Step: 2
Step: 3
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
