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e 4. A restaurant owner purchased a new dishwasher for $2500. She paid 10% down and financed the balance with a 12-month fixed installment
e 4. A restaurant owner purchased a new dishwasher for $2500. She paid 10% down and financed the balance with a 12-month fixed installment loan with an APR of 8.5%. Determine the total finance charge.
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
