A new furniture set costs 2600 if you make a down payment, Ask an Expert

Finance

A new furniture set costs $ 2600. If you make a down payment of $ 800 and finance the rest at a rate of 11.5% for 18 months, find the monthly payments on your loan. How much will you have paid in interest over the course of the loan?

Repayment amount =

Interest paid =

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91597370

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