Business, 23.10.2019 19:00, blumkemax8

The store where you bought new home furnishings offers you two alternative payment plans. the first plan requires a $4,500 immediate up-front payment. the second plan requires you to make monthly payments of $137.41, payable at the end of each month for 3 years. what nominal annual interest rate is built into the monthly payment plan?

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The store where you bought new home furnishings offers you two alternative payment plans. the first...