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natali 33 [55]
3 years ago
6

Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest

rate did Henry pay?
A) 29.09
B) 68.75
C) 34.38
D) 14.55
Mathematics
2 answers:
sukhopar [10]3 years ago
4 0
It would be C. 34.38
Bess [88]3 years ago
3 0
34*(1-(1+i)^-10)/i = 300

After calculating this, you will find that the yearly interest will be +/- 28 %

I would pick A.  29.09 because this seems to be the closest answer

hope this helps
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