Question
John Walters is comparing the cost of credit to the cash price of an item. If John makes a down payment of $80 and pays
John Walters is comparing the cost of credit to the cash price of an item. If John makes a down payment of $80 and pays $35 a month for 24 months, how much more will that amount be than the cash price of $685?
Cost of credit?
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Get StartedRecommended Textbook for
Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
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