Question

you are considering the purchase of the living room furniture that cost $1100 the store will...

you are considering the purchase of the living room furniture that cost $1100 the store will allow you to make weekly payments of $24.15 for one year to pay off the loan what is the EAR of this arrangement

Homework Answers

Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

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