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Amby Dextrous bought a grand piano, make a down payment of $1500, and agreed to a series of monthly payments of $225 for 4 years
- Amby Dextrous bought a grand piano, make a down payment of $1500, and agreed to a series of monthly payments of $225 for 4 years starting the date of sale. The rate of interest is 13% compounded monthly.
(a) Calculate the cash price
ANSWER: __________________________
(b) How much of the total payments will be interest?
ANSWER: __________________________
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Global Finance And Development
Authors: David Hudson
1st Edition
0415436354, 978-0415436359
