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Apple Store runs a promotion on MacBook Pro for $3500. They offer to the buyer no money down no payments for 12 months with a
Apple Store runs a promotion on MacBook Pro for $3500. They offer to the buyer no money down no payments for 12 months with a two-year financing plan with 24 equal monthly payments at the end of each month. What should be monthly payment _(14) _$ if Apple Store earns 6.8% compounded monthly on its account receivable during both the deferral period and the repayment period? The monthly payment would change to (15) $ if int rate is 6.8% compounded annually. uns a promotion on MacBook Pro for $3500. They offer to the buyer no money down no payments for 12 months with a two-year financing plan with 24 equal monthly payments at the end of each month. What should be the nent (14) $ if Apple Store earns 6.8% compounded monthly on its account receivable during both the deferral period and the repayment period? The monthly payment would change to (15). $ if intereste omnounded annually
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