a waterbed company advertises the "lowest credit in town." a $700 bed can be purchased for $100 down and $100 a month for six months. the better business bureau claims the credit charges are outrageous because the bed is $75 overpriced. if the claim is true, what is the nominal interest rate paid by the buyer?

Answer rating: 100% (QA)

The nominal interest rate paid by the buyer is 36 The nominal interest rate i... View the full answer