A washer-dryer combination can be purchased from a department store by making monthly credit card payments of

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A washer-dryer combination can be purchased from a department store by making monthly credit card payments of $122.50 for two-and-a-half years. The first payment is due on the date of sale and interest is 21% compounded monthly.

(a) What is the purchase price?

(b) How much will be paid in installments?

(d) If an additional $12.50 per month is added to cover a service contract, what is the new purchase price on the date of sale?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:09 AM

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A washer-dryer combination can be purchased from a department store by making monthly credit card payments of

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a The purchase price of the washerdryer combination can be calculated using the formula for t...View the full answer

Contemporary Business Mathematics With Canadian Applications

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