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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 13
David Sporn bought a saddle from Linville Western Gear with a 9.3% addon interest installment loan. The purchase price of the saddle was $1,290. The loan required a 15% down payment and equal monthly payments for 24 months.
a. What is the total deferred payment price of the saddle?
b. What are David's monthly payments?
a. What is the total deferred payment price of the saddle?
b. What are David's monthly payments?
Explanation
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The given data is the purchase price is ...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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