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Illustrate what are the total interest they will be charged

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"The Ortegas decide to buy some furniture priced at $400 with $40 down and the balance to paid for using 10% add-on interest, to be paid in monthly installments over one year. What are the total interest they will be charged? and what is their monthly payment?"

 

Reference no: EM13124881

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Illustrate what are the total interest they will be charged : "The Ortegas decide to buy some furniture priced at $400 with $40 down and the balance to paid for using 10% add-on interest, to be paid in monthly installments over one year. Illustrate what are the total interest they will be charged? and what is..
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