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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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6 years ago
Tricia bought a living-room suite on credit, signing an installment contract with a finance company that requires monthly payments of $167.25 for 4.5 years. The first payment is made on the date of signing and interest is 28.8% compounded monthly.
a) What was the cash price?
b) How much will Tricia pay in total?
c) How much of what she pays will be interest?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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