Mr. Aranjuez bought a flat screen TV on credit. They ask for a down payment

of $5,300.00 and you have a balance of $21,200.00 left to cover with 12 payments of

$2,200.00 each. What is the annual interest rate that will be applied to Mr.

Aranjuez?

Answer rating: 100% (QA)

Given Down payment 530000 Balance to cover 2120000 Number of payments 12 Payment amo... View the full answer