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3 years ago

5

Lenny Lendee purchased a snowblower for $199.95. He paid 25% down and agreed to pay $14.99 for 12 months.

1 answer:

goblinko [34]3 years ago

5 0

Lenny will loss 29.92 dollar in that term of payment. If lenny will pay the 14.99 dollar per month in 12 months, it will sum up to 179.88 dollar. If she pay the 75% in cash it is only 149.96 dollar. Given those payment method and time , the interest rate is 1.53% per month.

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