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Home Q & A Board Science-Related Homework Help Mathematics
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cassandra_dan cassandra_dan
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10 months ago
The Bay is offering "no money down, and no payments for a year." The total cost of a purchase of electronic equipment is $3500 including taxes.


a) What monthly payment is required to pay off this debt in two years, if payments start in one year, and the Bay charges interest at 2% per month?
b) What is the amount of interest that the purchaser pays overall?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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elisebarnettelisebarnett
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