Question
Stereo Inc. sells a stereo system for $200 down and monthly payments of $80 for the next 3 years. If the interest rate is 1.5%
Stereo Inc. sells a stereo system for $200 down and monthly payments of $80 for the next 3 years. If the interest rate is 1.5% per month, find:
a) The cost of the stereo.
Answer = $__________
b) The total amount of interest paid.
Answer = $_________
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
