20. sarah bought a lawnmower for $320. she signed up for the buy now pay later plan at the store with the following conditions: $100 down and payments of $25 for the next 12 months. the extra cost paid by taking this plan is equivalent to what actual yearly rate of interest?
a. 85%
b. 25%
c. 67%
d. 65%
you answered : b
correct answer : c

The correct answer is "C".

If Sarah has decided to make an initial payment of $ 100, this will leave a pending payment of $ 220 (the principal). If Sarah has agreed to pay the remaining amount in monthly installments of $ 25 for the next 12 months. This means she will end up paying $ 300.

The interest paid for this product is $ 80, representing an annual rate of 67%.

assuming that you are talking about the one in egypt: hecka oil

explanation:

affirmative action refers to the policies that take gender, race, or ethnicity into account in order to promote equal opportunity.

employers subject to title vii are prohibited from taking race or sex into account in any employment decisions. aa is a penalty for having any job group substantially statistically "underutilized" in any race or either sex. the employer must take steps to eliminate the underutilization, then stop, ending its aa efforts