Donna is starting a consulting business and purchased new office equipment and furniture selling for $13,220. Donna

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Donna is starting a consulting business and purchased new office equipment and furniture selling for $13,220. Donna paid 20% as a down payment and financed the balance with a 36-month installment loan with an APR of 6%.

a) Determine the down payment.

b) Determine the amount financed.

c) Determine the finance charge.

d) Determine the monthly payment.

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Related Book For  answer-question

A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

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

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