Sells stereo system


Stereo Inc. sells stereo system for $100 down and monthly payments of $70 for the next 3 years. If interest rate is 3.75% per year, determine:

a) The cost of the stereo. Answer = $

b) The total amount of interest paid. Answer = $

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Sells stereo system
Reference No:- TGS0872910

Expected delivery within 24 Hours