Square Deal Appliances has a sale on refrigerators You can either pay $1,959 now or $99 at the end of each month for 24 months What rate of interest (j 12 ) would you pay if you chose the monthly payment option Did you come up with the correct answer of j 12 19 26

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Square Deal Appliances has a sale on refrigerators. You can either pay $1,959 now or $99 at the end of each month for 24 months.

Square Deal Appliances has a sale on refrigerators. You can either pay $1,959 now or $99 at the end of each month for 24 months. What rate of interest (j₁₂) would you pay if you chose the monthly payment option?

Did you come up with the correct answer of j₁₂=19.26%?

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