Question
You purchase an RV by making a down payment of $11,400. The terms of your finance agreement have an annual interest rate of 1.91%,
You purchase an RV by making a down payment of $11,400. The terms of your finance agreement have an annual interest rate of 1.91%, compounded monthly, and require you to make 48 monthly payments of $1,293.85 each. What is the cash price of your RV? Round your answer to the nearest dollar. The cash price of your RV is $ 71148
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
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