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2. You have a massage therapy business and decide to expand it. You found a commercial space that met your business needs, with room for

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2. You have a massage therapy business and decide to expand it. You found a commercial space that met your business needs, with room for yourself and the two new massage therapists you planned to hire. It's also adjacent to a chiropractor's office. Now all you need is to finalize purchases for three massage rooms, furniture for the reception area, various artwork, and miscellaneous supplies. You start to make a list of massage equipment:3 tables at $1,695 each; a portable massage chair for $399; pillows, sheets, table warmers, and music; and the list goes on. By the time you finish, your massage equipment alone totaled $7,644.25, including sales tax. The supplier you will be purchasing from offers in-house financing of 24 monthly payments at $325.33 per month, with a 10% down payment. a. b. c. d. e. Find the amount financed. The installment price (total amount paid). The finance charge assuming you go with the financing available through your supplier. Find the APR for this financing option. Another option is to use your bank that offers a simple interest rate of 10% for 36 months. Find the finance charge. ii. Find the monthly payment For which option will you pay more overalli

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