You wish to buy a 10900 dining room set the furniture store


You wish to buy a $10,900 dining room set. The furniture store offers you a 2-year loan with an 11 percent APR.

1. What are the monthly payments?

2. How would the payment differ if you paid interest only per month?

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Finance Basics: You wish to buy a 10900 dining room set the furniture store
Reference No:- TGS01573025

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