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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 96
You are a salesperson for Mega Marine Boat Sales. A customer is interested in purchasing the Donzi Classic shown in the accompanying ad and has asked you the following questions.
a. What is the APR of the loan? (Use the formula.)
b. What is the total deferred payment price of the boat?
c. If the loan is paid offafter 7 years, what would be the payoff?
a. What is the APR of the loan? (Use the formula.)
b. What is the total deferred payment price of the boat?
c. If the loan is paid offafter 7 years, what would be the payoff?
Explanation
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The given data is the amount of sales pr...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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