11-02-2021
Business

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You can buy a television for $349 cash or pay $75 down and the balance in 18 monthly payments of $22.50. What is the installment price of the television? By what percent would the installment price be greater than the cash price?

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jesseb1033 jesseb1033

11-02-2021

349 (cash price)
If payment option
18x22.50=405 (balance) +75(down payment )= 480
A difference of 131
27.292% difference

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