Question

A local diner purchased a jukebox for $9400 the business makes a down payment of $1000 and agrees to 36 monthly payments of $275 each estimate the annual percentage rate to the nearest 10th of a percent

Answer 1

Given:-

Jukebox for $9400.

Payment done is $1000.

Agrees to make down payment for 36 months each month of $275.

To find