Question: A washer - dryer combination can be purchased from a department store by making monthly credit card payments of $ 4 3 . 0 2
A washerdryer combination can be purchased from a department store by making monthly credit card payments of $ for threeandahalf years. The first payment is due on the date of sale and interest is compounded monthly.
a What is the purchase price?
b How much will be paid in installments?
c How much is the cost of financing?
d If an additional $ per month is added to cover a service contract, what is the value of the entire contract on the date of sale?
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