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The price of a stainless steel, freezer refrigerator is $2,919.44. To own the refrigerator, you must make beginning-of-month payments of $32.50 and one final lump-sum
The price of a stainless steel, freezer refrigerator is
$2,919.44.
To own the refrigerator, you must make beginning-of-month payments of
$32.50
and one final lump-sum payment at the very end of the term in order to pay off the balance outstanding. The manufacturer offers a 60-month term at a rate of
6.3%
APR. What is the buyout at the end of the term?
The buyout at the end of the term is
$nothing.
(Round to the nearest cent as needed.)
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