Sadie is starting a consulting business and purchased new office equipment and furniture selling for $12,850. Sadie

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Sadie is starting a consulting business and purchased new office equipment and furniture selling for $12,850. Sadie paid 20% as a down payment and financed the balance with a 36-month fixed installment loan with an APR of 9.0%.

(a) Determine the down payment.

(b) Determine the amount financed.

(c) Determine the finance charge.

(d) Determine the monthly payment.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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