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8. David Sporn bought a saddle from Linville Western Gear with a 9.3% add-on interest installment loan. The purchase price of the saddle was $1,290.
8. David Sporn bought a saddle from Linville Western Gear with a 9.3% add-on interest installment loan. The purchase price of the saddle was $1,290. The loan required a 15% down payment and equal monthly payments for 24 months. a. What is the total deferred payment price of the saddle? b. What are David's monthly payments
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