Office equipment was purchased on the installment plan with 12 monthly payments of $11.20 each. If the

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Office equipment was purchased on the installment plan with 12 monthly payments of $11.20 each. If the cash price was $120 and there was no down payment, find the annual percentage rate.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:50 AM

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Office equipment was purchased on the installment plan with 12 monthly payments of $11.20 each. If the

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Installment price 112012 13440 Finance charge ...View the full answer

Business Math

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