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lilavasa [31]
3 years ago
15

Mia Lane bought a high-definition television for $7,500. Based on her income, she could afford to pay back only $600 per month.

There is 1 ½% monthly interest charge on the unpaid balance. The U.S. Rule is used in the calculation. At the end of month 1, the balance outstanding is:

Business
1 answer:
lina2011 [118]3 years ago
6 0

Answer:

$ 7,012.50

Explanation:

Please see attachment

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