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a Monthly payment if they borrow for four years Value in table for APR 16 and 48 months Cost of furniture 1000 2834 28001000 79352

a Monthly payment if they borrow for four years Value in table for APR 16 and 48 months Cost of furniture 1000 2834 28001000 79352 b Total finance charges over four years period Monthly payment No of installment Cost of furniture 7935 48 2800 10088 c Monthly payment if they borrow for three years Value in table for APR 16 and 36months Cost of furniture 1000 3516 28001000 98448 OR 9845 d Total finance charges over 3 years Monthly payment No of installment Cost of furniture 9

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