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2 December, 23:13

You purchase a new living room set for $1,275. You put a 5% down payment and $75.76 per month on a 24 month purchase plan. Use the APR formula to determine the annual percentage rate to a tenth of a percent.

a.

35.23%

c.

41.7%

b.

37.03%

d.

45.2%

The answer is c

+5
Answers (1)
  1. 3 December, 00:18
    0
    No, the answer is D) 45.2%
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Home » Mathematics » You purchase a new living room set for $1,275. You put a 5% down payment and $75.76 per month on a 24 month purchase plan. Use the APR formula to determine the annual percentage rate to a tenth of a percent. a. 35.23% c. 41.7% b. 37.03% d. 45.
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