You wish to buy a 10700 dining room set the furniture store


Question - You wish to buy a $10,700 dining room set. The furniture store offers you a 2-year loan with an 12 percent APR. What are the monthly payments? Round your final answer to 2 decimal places.

Payment $ 503.69 per month. How would the payment differ if you paid interest only?

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Accounting Basics: You wish to buy a 10700 dining room set the furniture store
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