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sarah (I DON'Tget this)
Questions (1)
OMG I CAN NOT get this !!!!
Purchase price of article = $495 Down payment = $50 Number of payments = 36 True annual interest rate
4 answers
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Answers (1)
The formula is I= 2YC ________ M(N+1) y = the number of payments made in a year. m = the amount financed or how much money was loaned. c = the total amount of interest charges. n = the number of payments for the whole loan. I = interest
