Your family is considering buying a utility shed. The cash price is $2,410.00. You will make a down payment of 5 percent of the cash price. You will take out an installment loan to cover the remainder. You will make monthly payments of $85.00 for 36 months. The annual percentage rate for the loan is %. (Round your answers to two decimal places.)
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Home » Mathematics » Your family is considering buying a utility shed. The cash price is $2,410.00. You will make a down payment of 5 percent of the cash price. You will take out an installment loan to cover the remainder. You will make monthly payments of $85.