Purchase a new set of bucket seats for his van

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Jimmy wants to purchase a new set of bucket seats for his van. He has bad credit, so he finds a place that will sell him the seats via an add-on loan. The seats cost $900 total. Jimmy in willing to pay up to $90 per month for one year for these seats. What would be the maximum interest rate he should accept in order to buy the seats?

Reference no: EM13927782

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Purchase a new set of bucket seats for his van : Jimmy wants to purchase a new set of bucket seats for his van. He has bad credit, so he finds a place that will sell him the seats via an add-on loan. The seats cost $900 total. Jimmy in willing to pay up to $90 per month for one year for these seats..

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