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A store offers two payment plans. Under the installment plan, you pay 30% down and 30% of the purchase price in each of the next
A store offers two payment plans. Under the installment plan, you pay 30% down and 30% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a 10% discount from the purchase price. a. Which is the better deal if the interest rate is 5.8% ? b. How will your answer change if the four payments on the instaliments do not start until the end of the year? Complete this question by entering your answers in the tabs below. Which is the better deal if the interest rate is 5.8% ? Which is the better deal if the interest rate is 5.8% ? A store offers two payment plans. Under the installment plan, you pay 30% down and 30% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a 10% discount from the purchase price. a. Which is the better deal if the interest rate is 5.8% ? b. How will your answer change if the four payments on the installments do not start until the end of the year? Complete this question by entering your answers in the tabs below. How will your answer change if the four payments on the installments do not start until the end of the year? A store offers two payment plans. Under the installment plan, you pay 30% down and 30% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a 10% discount from the purchase price. a. Which is the better deal if the interest rate is 5.8% ? b. How will your answer change if the four payments on the instaliments do not start until the end of the year? Complete this question by entering your answers in the tabs below. Which is the better deal if the interest rate is 5.8% ? Which is the better deal if the interest rate is 5.8% ? A store offers two payment plans. Under the installment plan, you pay 30% down and 30% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a 10% discount from the purchase price. a. Which is the better deal if the interest rate is 5.8% ? b. How will your answer change if the four payments on the installments do not start until the end of the year? Complete this question by entering your answers in the tabs below. How will your answer change if the four payments on the installments do not start until the end of the year
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