the nearest tenth percent)
12.8
12.8 %
10.1.57/1.57 points | Previous AnswersSmithNM12 11.2.059.
Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings
account is depleted, and they will need to borrow money in order to buy a new one. Sears offers
them an installment loan at 16% (add-on rate). If the refrigerator at Sears costs $1,568 plus 5%
sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years, what is the monthly
payment? (Round…

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