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what was the total amount paid?

donna bought a new kitchen set at sears. donna paid off after 60 days with an interest charge of $9.00. If lowes charges 8.5% interest, what did donna pay for the kitchen set (assume 360 days not 365 in a year)?

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  • Reena
    Lv 7
    1 decade ago
    Favorite Answer

    This isn't the homework column.

    Sears usually offers 12 month no interest or finance charge.

    So in reality Donna paid exactly as much as her bill said

    when she paid it off after 60 days.

    And even if I was in a mood to do your homework...

    tell your teacher to use real life examples.

    Try the one where Donna starts making her first payment after 12 months and finds out the hard way that all the sudden she gets charged a full years worth of defferred interest payments because she was dumb enough not to pay anything during the first 12 months.

    Can you tell me how much that first monthly minimum payment was?

  • 1 decade ago

    If she bought from Sears, what does it matter what Lowes charges in yearly interest?

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