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Problem related to the installment loan

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Reference no: EM131621049

Question: 1. If 5 dozen roses can be purchased for $62.50, how much will 8 dozen cost?

2. For an installment loan, a formula is used to find the total amount of installment payments. The formula is Total installment payments installment Price - Down payment. The formula can be written in symbols as T P - D. Find the total installment payments if and P = $6,508.72 D = $2,250.

Reference no: EM131621049

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