You wish to buy a $9,300 dining room set. The furniture store offers you a 2-year loan with an APR of 10.8 percent. What are the monthly payments?
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You wish to buy a $9,300 dining room set. The furniture store offers you a 2-year loan with an APR of 10.8

percent. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Answer Monthly Payment = 432.59 If... View the full answer

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