Question
A customer charges a treadmill at Waterway's Sport Shop. The price is $8000 and the financing charge is 9% per annum if the bill is
A customer charges a treadmill at Waterway's Sport Shop. The price is $8000 and the financing charge is 9% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer's account. What is the amount of the finance charge?
$720
$60
$24
$240
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
