An electric mixer was purchased on the installment plan for a down payment of $60 and 11

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An electric mixer was purchased on the installment plan for a down payment of $60 and 11 monthly payments of $11.05 each. The cash price was $170. Find the annual percentage rate.

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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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An electric mixer was purchased on the installment plan for a down payment of $60 and 11

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Amount financed 170 60 110 Amount paid back 1105...View the full answer

Business Math

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