Essay
Leon's advertised a "No payment, No interest" plan for one year on all their dining set. Hab bought a dining set for $4520 plus 13% HST and an administration fee of $99 on 14 May 2016. On the same day, Sally bought the same dining set, paid the amount in full, but convinced the general manager of the store to give her a discount based on Canada's inflation rate, which is translated into a money worth of 2%. What did Sally pay?
Correct Answer:

Verified
S = $4520; r = 2%; t...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q37: Caprice buys a painting on his credit
Q38: PC Financial approved a $75 000 line
Q39: A non-interest bearing promissory note has a
Q40: Amertech borrowed $32 000.00 from Balzac Credit
Q41: Calculate the legal due date of a
Q43: Find the present value of a seven-month
Q44: Bradley purchased a 91-day, $100 000 T-bill
Q45: A 4-month, 7.26% percent promissory note dated
Q46: An investment dealer bought a 182-day Government
Q47: Find the present value and the amount