asked 182k views
2 votes
Bob borrower purchased a television for 299.95 he paid 25% down and agreed to pay 21.59 for 12 months what will he finance

asked
User BalajiK
by
7.8k points

1 Answer

5 votes
so he will finance $15.2. 25% down payment was $74.99, at the end of one year his monthly payment will total $224.96. to the nearest tenth his APR will equal 259.08%
answered
User Amrit Gill
by
8.1k points
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