Mathematics, 10.12.2021 01:00 asandors9617

Miguel has his heart set on a new GPS that will cost him $325 if he pays cash and $400 if he pays by installments. If the down payment is $50, how much will he pay in
each of 12 monthly payments? What is the annual interest rate on this purchase?

Answers: 2

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Miguel has his heart set on a new GPS that will cost him $325 if he pays cash and $400 if he pays...

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Miguel has his heart set on a new GPS that will cost him $325 if he pays cash and $400 if he pays by installments. If the down payment is $50, how much will he pay in each of 12 monthly payments? What is the annual interest rate on this purchase?

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Another question on Mathematics

Miguel has his heart set on a new GPS that will cost him $325 if he pays cash and $400 if he pays by installments. If the down payment is $50, how much will he pay in
each of 12 monthly payments? What is the annual interest rate on this purchase?