Tim worker buys a satellite dish for 329.99 he pays 10% down and takes installment loan to complete the purchase he makes 12 payments which include his principal and a 40.00 fin…

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asked Jul 16, 2018 2.8k views

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Soroosh Bateni · Answer 1 · 2018-07-19T22:51:02+0000

Hey

the answer is Problem 3(11): Loan Amount: $15,000 Method of payment: discount basis Amount of Interest : $650 Term of loan: 1 year Effective Rate of Interest (to the nearest tenth)

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Tim worker buys a satellite dish for 329.99 he pays 10% down and takes installment loan to complete the purchase he makes 12 payments which include his principal and a 40.00 fin…

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