Lenny Lendee purchased a snowblower for $199.95. He paid 25% down and agreed to pay $14.99 for 12 months.
His 25% down payment was $.
So he will finance $.
At the end of one year, his monthly payments will total $.
To the nearest tenth, his APR = total finance charge ÷ amount borrowed = %.
His 25% down payment was $.
So he will finance $.
At the end of one year, his monthly payments will total $.
To the nearest tenth, his APR = total finance charge ÷ amount borrowed = %.
