"In this group discussion technique, the group leader states the problem in a clear manner so all participants understand. Membe
1 answer:
You might be interested in
<u>Answer-</u>
<em>Finance charge is $99</em>
<u>Solution-</u>
Price of mountain bike = $762
The store's financing requires a 15% down payment, so the present value of annuity will be,
We know that,
Putting the values,
With a monthly payment of this, he will be paying in 24 months will be,
Then,
The extra amount he will be paying,