You wish to buy a $10,700 dining room set. The furniture store offers you a 2-year loan
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Question:
You wish to buy a $10,700 dining room set. The furniture store offers you a 2-year loan with an 12 percent APR. What are the monthly payments? round your final answer to 2 decimal places.
Payment $ 503.69 per month How would the payment differ if you paid interest only? round your final answer to 2 decimal places.)
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