What EAR is Skip paying to buy his furniture

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Reference no: EM131014792

Skip Towne goes into Frank’s Friendly Furniture Sales and purchases a living room set and bedroom suite for $1,950 total. Skip has to make payments of $100 per month for 36 months. What EAR is Skip paying to buy his furniture? a. 36.79% b. 45.35% c. 56.07% d. 68.21% e. None of the above

Reference no: EM131014792

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What EAR is Skip paying to buy his furniture : Skip Towne goes into Frank’s Friendly Furniture Sales and purchases a living room set and bedroom suite for $1,950 total. Skip has to make payments of $100 per month for 36 months. What EAR is Skip paying to buy his furniture?

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