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Maria purchases a new big screen television for $850 on her VISA card that carries a favorable interest rate of 8.9% on new charges. Determine
Maria purchases a new big screen television for $850 on her VISA card that carries a favorable interest rate of 8.9% on new charges.
- Determine how long it would take her to pay the television off if she plans on making monthly payments of:
- $50
- $75
- $100
- Compute the total amount that the television cost her with each of the different monthly payments.
- Compute how much money she saved overall by making the $100 payment over the $50 payment.
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
