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2. You buy a wedding gown for $2,999, plus sales tax of 7.5%. The retailer finances the entire amount (including the sales tax) for 3
2.
You buy a wedding gown for $2,999, plus sales tax of 7.5%. The retailer finances the entire amount (including the sales tax) for 3 years and says you will be charged 12% interest. However, the retailer uses the add-on method. Calculate your monthly payment.
a. | $121.79 | |
b. | $107.08 | |
c. | $99.61 | |
d. | $106.02 |
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