Asked by sarah
Purchase price of article = $3,000
Down payment = $0
Number of payments = 36
Monthly payment amount=$93.33
True Annual Interest (to the nearest tenth) = a0 %
Down payment = $0
Number of payments = 36
Monthly payment amount=$93.33
True Annual Interest (to the nearest tenth) = a0 %
Answers
Answered by
Ms. Sue
93.33 * 36 = 3,359.88
359.88/3000 = 0.11996 = 12.0%
359.88/3000 = 0.11996 = 12.0%
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