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How to get the answer of 9.84% Question 5: A department store has a ve-piece leather living-room set on sale for $2 ea 799.95, including

How to get the answer of 9.84%

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Question 5: A department store has a ve-piece leather living-room set on sale for $2 ea 799.95, including taxes. It can be purchased with 24 payments of $129 per month. What annual interest rate (compounded monthiy) is the store charging? The annual interest rate they are charging is 0.82% X 12 : 9.84%

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