A new desk for an office has a cash price of $ 1,500 and can be purchased

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A new desk for an office has a cash price of $ 1,500 and can be purchased on the installment plan with a 12.5% finance charge. The desk will be paid for in 12 monthly payments. Find the amount of the finance charge, the total price, and the amount of each monthly payment, if there was no down payment.
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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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