Alberto bought a refrigerator on credit whose cash price is $7,680, and I remember paying it in four equal monthly payments. If the store where Alberto bought the refrigerator charges interest of 33% compounded each month, what will be the value of the monthly payments if these are made at the end of months 1,2,5 and 6? What is the interest paid for the financing?

Answer rating: 100% (QA)

To calculate the value of the monthly payments and the interest paid for the financing we need to co... View the full answer