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The total purchase price of a new home entertainment system is $14,260. If the down payment is $2300band the balance is to be financed over 72 months at 6% add-on intrest, what is the monthy payment?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 17EB: Caduceus Company is considering the purchase of a new piece of factory equipment that will cost...

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The total purchase price of a new home entertainment system is $14,260. If the down payment is $2300band the balance is to be financed over 72 months at 6% add-on intrest, what is the monthy payment?

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