You work for a furniture store. You normally sell a living room set for $2,500 and finance the full purchase price for 30 monthly payments at 24% APR. You are planning to run a zero-interest
financing sale during which you will finance the set over 30 months at 0% interest. How much do
You need to charge for the bedroom set during the sale in order to earn your usual combined return
On the sale and the financing?
A) $2,500
B) $2,827
C) $3,349
D) $3,437
E) $3,784
Correct Answer:
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