A new homeowner bought a refrigerator from a discount appliance store for $635.76 after a $200...
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A new homeowner bought a refrigerator from a discount appliance store for $635.76 after a $200 down payment, using an installment loan with an APR af 22.99%. The homeowner makes 12 equal credit card payments of 59.81 to pay off the loan. The discount appliance store charges $1.50 for every payment made by credit card. The homeowner also had to pay late fees in the amount of $25 three different times. What is the total cost of the refrigerator? Show all necessary work. A new homeowner bought a refrigerator from a discount appliance store for $635.76 after a $200 down payment, using an installment loan with an APR af 22.99%. The homeowner makes 12 equal credit card payments of 59.81 to pay off the loan. The discount appliance store charges $1.50 for every payment made by credit card. The homeowner also had to pay late fees in the amount of $25 three different times. What is the total cost of the refrigerator? Show all necessary work.
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Answer rating: 100% (QA)
To calculate the total cost of the refrigerator we need to consider the following components 1 Initi... View the full answer
Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Posted Date:
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