You have purchased a new stereo on the installment plan. The plan calls for 12 monthly payments

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You have purchased a new stereo on the installment plan. The plan calls for 12 monthly payments of $45 and a $115 finance charge. After nine months you decide to pay off the loan. How much is the refund?

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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 01:49 AM

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You have purchased a new stereo on the installment plan. The plan calls for 12 monthly payments

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12 9 3 months remai...View the full answer

Business Math

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