Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman

تمرين 52

Stereo Central uses the Second National Bank to finance customer purchases. This month the bank is offering 24-month installment loans with an APR of 15.25%. For qualified buyers, no down payment is required. If Nathan David wants to finance a complete stereo system for $1,300, use the APR tables to calculate the finance charge and the monthly payment on his loan.