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Answered

Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?

A29.09.
B68.75.
C34.38.
D14.55.

Verified Answer :

meerkat18

The problem ask to find the actual yearly interest rate of Henry pays if he bought a new dishwasher for $320 and paid $20 down and made $34 for 10 months so the interest rate would be letter C. 34.38. I hope you are satisfied with my answer and feel free to ask for more

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