You've just bought a new flat-screen TV for $3,000 and the store you bought it from offers

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You've just bought a new flat-screen TV for $3,000 and the store you bought it from offers to let you finance the entire purchase at an annual rate of 11 percent compounded monthly. If you take the financing and make monthly payments of $120, How long will it take to pay off the loan? How much will you pay in interest over the life of the loan?

Posted Date: May 18, 2024 11:03 PM

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You've just bought a new flat-screen TV for $3,000 and the store you bought it from offers

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