Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?
A) 29.09.
B) 68.75.
C) 34.38.
D) 14.55.
The problem ask to find the actual yearly interest rate of Henry pays if he bought a new dishwasher for $320 and paid $20 down and made $34 for 10 months so the interest rate would be letter C. 34.38. I hope you are satisfied with my answer and feel free to ask for more
