Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately. their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them...


Karen and Wayne need to buy a refrigerator because theirs just broke.<br>Unfortunately. their savings account is depleted, and they will need to borrow<br>money in order to buy a new one. Sears offers them an installment loan at 15%<br>(add-on rate). If the refrigerator at Sears costs $1,500 plus 5% sales tax, and<br>Karen and Wayne plan to pay for the refrigerator for 2 years, what is the monthly<br>payment?<br>A 576.78<br>B s81.25<br>c) s85.31<br>D) $93.84<br>E) $72.34<br>

Extracted text: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately. their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 15% (add-on rate). If the refrigerator at Sears costs $1,500 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 2 years, what is the monthly payment? A 576.78 B s81.25 c) s85.31 D) $93.84 E) $72.34

Jun 07, 2022
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