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If Brenda bought a swimming pool by obtaining an 8 add-on interest installment loan from the bank the pool cost 2400 and the bank required a 15 down payment and equal monthly payments for two years?
Wiki User
∙ 15y ago
100%x15%=85% 2,400.x 85%=2040. 2040.x 8%=163.20 x2years=2366.40 divide 2366.40 by 24 months=$98.60
Wiki User
∙ 15y ago
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