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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 20
Olivia Fast found a timeshare offer entitling her to 3 weeks per year in a Rocky Mountain townhouse. She had the option of paying $7,600 in cash or financing the timeshare with a 2-year installment loan. The loan required a 20% down payment and equal monthly payments of $283.73.
a. What is the finance charge on Olivia's loan
b. What is the total deferred payment price of the timeshare contract
a. What is the finance charge on Olivia's loan
b. What is the total deferred payment price of the timeshare contract
Explanation
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Verified
The given data is the purchase price is ...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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