You buy a laptop for $1200 and the store allows you to make quarterly payments. They charge

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You buy a laptop for $1200 and the store allows you to make quarterly payments. They charge 2% per quarter and the loan period is 3 years. How much is you quarterly payment?

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Statistics For Business Decision Making And Analysis

ISBN: 9780321890269

2nd Edition

Authors: Robert Stine, Dean Foster

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Posted Date: May 26, 2023 12:25 AM

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You buy a laptop for $1200 and the store allows you to make quarterly payments. They charge

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PMT PV r 1 1 rn Using the given values PV Present Value 1200 r Interest rate ... View the full answer

Statistics For Business Decision Making And Analysis

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