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Home Q & A Board Science-Related Homework Help Mathematics
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dkwilson dkwilson
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A year ago
Ray bought living room furniture at a local department store. The cost of the furniture was $4000 including taxes. Ray is making monthly payments of $155 per month for three years.


a) To the nearest 0.01%, what rate of interest compounded monthly is Ray paying?
b) What amount of interest will Ray pay over the three years?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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KocojdaKocojda
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A year ago
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dkwilson Author
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A year ago
Thanks
gage
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Yesterday
Smart ... Thanks!
missnoname
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This site is awesome
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