asked 60.0k views
3 votes
15. Rob wants to purchase a $5,000 drum set. The music store offers him a

2-year installment agreement requiring $800 down and monthly payments of
$202.50. Rob has a poor credit rating.
c. How much interest would the finance company charge?
d. Should Rob use the installment plan or borrow the money from the finance
comman??

1 Answer

3 votes

Answer:

Explanation:

c. $395 in interest rate

d. Rob should use the installment plan

answered
User Sniurkst
by
8.5k points
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