You work for a furniture store.You normally sell a living room set for $2211 and finance the

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You work for a furniture store.You normally sell a living room set for $2211 and finance the full purchase price for 24 monthly payments at 13% APR compounded monthly (The buyer makes the first payment one month from the date of purchase).You are planning to run a zero-interest financing sale during which you will finance the set over 24 months at 0% interest.What should be the new selling price for the bedroom set during the sale in order for you to earn your usual combined return on the sale and the financing?

Posted Date: May 18, 2024 06:03 AM

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You work for a furniture store.You normally sell a living room set for $2211 and finance the

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