Short Answer
The Bay is offering "no money down, and no payments for a year." The total cost of a purchase of electronic equipment is $3500 including taxes. What monthly payment is required to pay off this debt in two years, if payments start in one year, and the Bay charges interest at 2% per month? What is the amount of interest that the purchaser pays overall?
Correct Answer:
Verified
Correct Answer:
Verified
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