Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't

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answerhappygod
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Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't

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Businesses that offer repayment plans for purchases are requiredby law to disclose the interest rate. But that doesn't mean they goout of their way to let you know what it is. You have to read allthe paperwork. Find the interest rate for the following purchase.To finance a new laptop, Emilie is offered a 3year paymentplan with low monthly payments of $32.40. The cost of thelaptop was $884.95 including tax. Round to one decimal place,if necessary.
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