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Sarah buys a new dining room table for $12,000. Sarah puts a 5% down payment on the furniture. She finances the rest through her bank
Sarah buys a new dining room table for $12,000. Sarah puts a 5% down payment on the furniture. She finances the rest through her bank with a loan at 6% compounded monthly. What is the size of her down payment? [x] What is her monthly payment if she will pay this loan off in 18 months? [y] How much interest does she pay on this loan? [z] |
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