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How would the payment differ if you paid interest only

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Question - You wish to buy a $10,300 dining room set. The furniture store offers you a 2-year loan with an APR of 7.2 percent. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

How would the payment differ if you paid interest only?

Reference no: EM132888011

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