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.68.75 B.29.09 C.34.38 D.14.55
Henry Devine bought a new dishwasher for \$320. He paid \$20 down and made 10 monthly payments of \$34. 14.55% actual yearly interest rate did Henry pay. Solution: Downpayment + Monthly payment x number of installments= 20 + (34 × 10 )= 20+340 = 360 Interest = 360-320 = 40 r = i × 100 P × n r = 40 × 100 / 320 × 10/12 = 4000/266 2/3 = 14.55%.
s
Question
Asked 1/4/2018 3:49:38 PM
Updated 232 days ago|12/16/2020 12:00:42 AM
Rating
3
Henry Devine bought a new dishwasher for \$320. He paid \$20 down and made 10 monthly payments of \$34. 14.55% actual yearly interest rate did Henry pay. Solution: Downpayment + Monthly payment x number of installments= 20 + (34 × 10 )= 20+340 = 360 Interest = 360-320 = 40 r = i × 100 P × n r = 40 × 100 / 320 × 10/12 = 4000/266 2/3 = 14.55%.
Added 232 days ago|12/16/2020 12:00:42 AM
This answer has been confirmed as correct and helpful.

There are no comments.

34,218,773
Popular Conversations
Earthquakes can only occur at a fault if the fault experiences ...
Weegy: The area in a fault where stress builds up is called the hypocentre zone.
7/27/2021 3:42:44 AM| 5 Answers
The _______ biome has trees that lose leaves once each year. The ...
Weegy: Intertidal zone is where the ocean meets the land.
7/30/2021 11:46:25 PM| 5 Answers
Earthquakes can only occur at a fault if the fault experiences ...
Weegy: The area in a fault where stress builds up is called the hypocentre zone.
8/4/2021 1:04:33 AM| 5 Answers
Which of the following is not considered a behavior? A. eating B. ...
Weegy: Heart beating is not considered a behavior.
8/4/2021 3:42:10 PM| 3 Answers
What is a collective noun
Weegy: A word used to describe a person, place or a thing. User: Which word in the sentence is an example of an ...
7/30/2021 3:26:41 PM| 3 Answers
In vertebrates, chemical messengers called hormones are secreted by ...
Weegy: User: Describe how and where viruses reproduce and the function of RNA and DNA in this process.
7/30/2021 5:34:10 PM| 3 Answers
The Eighteenth Amendment, "Prohibition," was reversed by the
Weegy: The Eighteenth Amendment, "Prohibition," was reversed by the Twenty-first Amendment. User: Controls given ...
7/26/2021 8:15:46 AM| 3 Answers
NIMS is applicable to all stakeholders with incident related ...
Weegy: NIMS is applicable to all stakeholders with incident related responsibilities. TRUE. User: The _________ is ...
7/27/2021 4:06:34 PM| 3 Answers
Elements of tone include _____. details dialogue imagery setting
Weegy: Elements of tone include dialogue and imagery User: The use of _____ in a story attaches deeper meaning to a ...
7/27/2021 5:44:15 PM| 3 Answers
*
Get answers from Weegy and a team of really smart live experts.
S
L
P
Points 99 [Total 1740] Ratings 1 Comments 89 Invitations 0 Offline
S
L
Points 89 [Total 612] Ratings 0 Comments 89 Invitations 0 Offline
S
L
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
P
1
L
P
1
Points 69 [Total 5474] Ratings 3 Comments 39 Invitations 0 Online
S
L
Points 57 [Total 213] Ratings 2 Comments 37 Invitations 0 Offline
S
Points 48 [Total 48] Ratings 0 Comments 38 Invitations 1 Offline
S
L
Points 43 [Total 442] Ratings 0 Comments 43 Invitations 0 Offline
S
L
Points 38 [Total 512] Ratings 0 Comments 38 Invitations 0 Offline
S
L
Points 35 [Total 138] Ratings 2 Comments 15 Invitations 0 Offline
S
L
1
1
1
1
1
Points 30 [Total 2112] Ratings 3 Comments 0 Invitations 0 Offline
S
L
1
1
1
Points 21 [Total 3146] Ratings 2 Comments 1 Invitations 0 Online
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.