Posted: September 14th, 2023
Selma purchased a dining room set for $2,320 using a 12-month
Selma purchased a dining room set for $2,320 using a 12-month deferred payment plan with an interest rate of 21.92%. She did not make any payments during the deferment period. What will the total cost of the dining room set be if she must pay off the dining room set within two years after the deferment period?
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