✔️❌❌✅✅✅✅✅✅✅ Neema bought appliances costing $3795 at a store charging 7% add-on interest. She made a $1000 down payment and agreed to monthlypayments over two years. Find the total interest to be paid.The total interest to be paid is $(Simplify your answer.)

In the add on interest method total amount is added to the loan amount at the beginning of the…

Answered: yments over two years. Find the total…

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Finance

yments over two years. Find the total interest to be paid. e total interest to be paid is $ mplify your answer.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Neema bought appliances costing $3795 at a store charging 7% add-on interest. She made a $1000 down payment and agreed to monthly
payments over two years. Find the total interest to be paid.
The total interest to be paid is $
(Simplify your answer.)

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