You wish to buy a 9800 dining room set the furniture store, Ask an Expert

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You wish to buy a $9,800 dining room set. The furniture store offers you a 3-year loan with an 11 percent APR.

What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92334203

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