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You purchase a distwwasher for $1261.60 plus 7% sales tax. The appliance store offers an installment loan that allows you to pay for the dishwasher

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You purchase a distwwasher for $1261.60 plus 7% sales tax. The appliance store offers an installment loan that allows you to pay for the dishwasher by making 12 equal monthly. payments of \$123.74. What is the cost of credit, in dollars, for this loan? Round your answer to the nearest cent For the tooloar peens ALT+F10(PC) or ALT+FN+E10 (Mac)

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