Question
Stereo Inc. sells a stereo system for $300 down and monthly payments of $80 for the next 4 years. If the interest rate is 2.25%
Stereo Inc. sells a stereo system for $300 down and monthly payments of $80 for the next 4 years. If the interest rate is 2.25% per year, find:
a) The cost of the stereo.
Answer = $
b) The total amount of interest paid.
Answer = $
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Discrete Mathematics and Its Applications
Authors: Kenneth H. Rosen
7th edition
0073383090, 978-0073383095
