If you choose the time payment plan what nominal annual
A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged?
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a table saw costs 175 at a local store you may either pay cash for it or pay 35 now and 1264 a month for 12 months
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