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Mia bought a high-definition television for $7,500. Based on her income, she could afford to pay ...

harry32

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Mia bought a high-definition television for $7,500. Based on her income, she could afford to pay ...

Mia bought a high-definition television for $7,500. Based on her income, she could afford to pay back only $600 per month. There is 1.5% monthly interest charge on the unpaid balance. The U.S. Rule is used in the calculation. At the end of month 1, the balance outstanding is:

▸

$6,012.50

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$8,012.50

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$5,012.50

▸

$4,012.50

▸

None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 67 times

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ndedrick

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More solutions for this book are available here

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harry32 Author

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Correct

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