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QUESTION
Raul and Josephine buy a plasma TV from Sparky's Electronics on an installment plan (simple interest add on loan). They will pay the TV off in 3...
Raul and Josephine buy a plasma TV from Sparky's Electronics on an installment plan (simple interest add on loan). They will pay the TV off in 3 years, paying 19.25% interest
If they make an $800 down payment up front, what will their payments be?
