Mathematics, 08.04.2021 06:50 romyknight

Tulio Fernandez wants to purchase a treadmill which sells for $2,000. To borrow (finance) the money, the stores finance company (the bank) requires Tulio to pay a 25 percent down payment. The
Finance company will have Tulio on an 18 month installment loan payment term plan with at a 12 percent
APR interest rate
What is the finance charge ( interest cost/fee)?

Answers: 1

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Tulio Fernandez wants to purchase a treadmill which sells for $2,000. To borrow (finance) the money...