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John bought a dining set on a contract that requires weekly payments of $13.85 for 2.5 years. The first payment is made on the date
John bought a dining set on a contract that requires weekly payments of $13.85 for 2.5 years. The first payment is made on the date of signing and interest is 13.3% compounded annually. a) What was the purchase price of the dining set? Mode A/ N = A AV Price = b) After 13 payments, John decided to pay off the remaining balance. What is the balance? Balance= A/ c) How much will John pay in total, including 13 regular payments and the remaining balance? How much is the interest? Total paid = A/ Interest =
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