Question
q19 The manager of Gloria's Boutique has approved Carla's application for 36 months of credit with maximum monthly payments of $70.If the APR is 14.2
q19
The manager of Gloria's Boutique has approved Carla's application for 36 months of credit with maximum monthly payments of $70.If the APR is 14.2 percent, what is the maximum initial purchase that Carla can buy on credit?
| A. | $2,042.31 | |
| B. | $1,006.90 | |
| C. | $1,455.08 | |
| D. | $1300.00 |
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Introductory Econometrics For Finance
Authors: Chris Brooks
3rd Edition
1107661455, 9781107661455
