Doris white decided to get new appliances for her kitchen at a cost of $5900. she puts $700 down and will pay ?
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$148.71 per month for 48 months. find the total purchase price (including down payment the finance change and the annual percentage rate.)
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Answer:
Write numbers out as a problem. $148.71X 12 months= $1,784.52 per year payment $1,784.52 X 4 years =$7,138.08 total payments Take $7,138.08 - $5,900.00 =$1,238.08 interest. take $7,138.08 divided by $1,238.08 =5.76% interest.
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