Macdonald Conner
12/30/2023 · Junior High School

A woman buys a suit of furniture for \( \$ 960 . A \) deposit of \( 20 \% \) is paid and interest at \( 12 \% \) per annum is charged on the outstanding balance for the full period of the loan.The balance for the full period of the loan. The balance is to be paid in 4 Quarterly payments. How much is each payment

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Each quarterly payment is approximately $206.06.

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