question archive Caroline takes up an installment loan to finance the purchase of a violin costing $14,750
Caroline takes up an installment loan to finance the purchase of a violin costing $14,750
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Caroline takes up an installment loan to finance the purchase of a violin costing $14,750. For loan requires a 10.625% down payment and equal monthly payments of $355 for 48 months. Calculate the total deferred payment price.
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