Stereo inc sells a stereo system for 200 down and monthly


Stereo Inc. sells a stereo system for $200 down and monthly payments of $60 for the next 4 years. If the interest rate is 2.75% per month , find:

a) The cost of the stereo.

Answer = $  

b) The total amount of interest paid.

Answer = $

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Financial Management: Stereo inc sells a stereo system for 200 down and monthly
Reference No:- TGS02357772

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