A new furniture set costs $2500. If you make a down payment of $500 ad finiance the rest at a rate of 8% for 18 months find the monthly payments on your loan. How much will you have to paid in interest over the course of the loan?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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A new furniture set costs $2500. If you make a down payment of $500 ad finiance the rest at a rate of 8% for 18 months find the monthly payments on your loan. How much will you have to paid in interest over the course of the loan?

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