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You wish to buy a $9,400 dining room set . The furniture store offers you a 3-year loan with an 12 percent APR. What are
You wish to buy a $9,400dining room set. Thefurniture storeoffers you a 3-year loan with an 12 percent APR. What are the monthly payments?(Do not roundintermediate calculationsand round your final answer to 2 decimal places.) How would the payment differ if you paid interest only?(Do not round intermediate calculations and round your final answer to 2 decimal places.) 2 part answer question
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