Question 1 of 11 Blush Inc., sold a kitchen appliance that costs $1,750.00 with 5-year financing to a customer who made a down payment of $470.00. What should be the size of the loan payments at the end of every month if interest of 8.00% compounded monthly is charged? $0.00 Round your answer to 2 decimal places
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The loan amount is the total cost of the kitchen appliance minus the down payment. Loan amount = $1,750.00 - $470.00 = $1,280.00 Show more…
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