Branden Webster

Mathematics

2 January, 20:59

You purchase a new living room set for $1,275. You put a 5% down payment and $75.76 per month on a 24 month purchase plan. Use the APR formula to determine the annual percentage rate to a tenth of a percent.

a.

35.23%

c.

41.7%

b.

37.03%

d.

45.2%

The answer is c

+4

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