The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70. If the APR is 14.2 percent, what is the maximum initial purchase that Carla can buy on credit? A) $1,006.90B) $1,300.00C) $1,455.08D) $1,184.75E) $1,228.46
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Home » Business » The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70. If the APR is 14.2 percent, what is the maximum initial purchase that Carla can buy on credit? A) $1,006.90B) $1,300.