Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't mean they go out of their way to let you know what it is. You have to read all the paperwork. Find the interest rate for the following purchase. To finance a new laptop, Emilie is offered a 4 year payment plan with low monthly payments of $33.80 . The cost of the laptop was $884.78 including tax. Round to one decimal place, if necessary. The interest rate is % .

Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't mean they go out of their way to let you know what it is. You have to read all the paperwork. Find the interest rate for the following purchase. To finance a new laptop, Emilie is offered a 4 year payment plan with low monthly payments of $33.80 . The cost of the laptop was $884.78 including tax. Round to one decimal place, if necessary. The interest rate is % .

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

To finance a new laptop, Emilie is offered a

year payment plan with low monthly payments of

$33.80

. The cost of the laptop was

$884.78

including tax. Round to one decimal place, if necessary.

The interest rate is

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