Question
MR. & MRS. CHAN WANT TO BUY FURNITURE THAT HAS A CASH PRICE OF $3450. ON THE INSTALLMENT PLAN THEY MUST PAY 25% OF
MR. & MRS. CHAN WANT TO BUY FURNITURE THAT HAS A CASH PRICE OF $3450. ON THE INSTALLMENT PLAN THEY MUST PAY 25% OF THE CASH PRICE AS A DOWN "AYMENT AND MAKE SIX MONTHLY PAYMENTS OF $437. WHAT FINANCE CHARGE UST THE CHANS PAY AND WHAT IS THE APR TO THE NEAREST HALF PERCENT?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
