Jan Purchased a New Tool Set Costing $899

question 14

Short Answer

Jan purchased a new tool set costing $899.99 by taking out a 7.25% add-on installment interest from her credit union. She is paying the loan in equal payments over one year. How much are Jan's monthly payments? (Round to the nearest cent)

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Definitions:

Psychological Barriers

Mental or emotional obstacles that hinder individuals from achieving goals, making decisions, or communicating effectively.

Cardiovascular Exercise

Physical activity that increases heart rate and improves heart, lung, and circulatory system health.

Usage Barrier

Obstacles or factors that prevent or deter consumers from using a product or service, regardless of whether they have access to it.

New-Product Adopter

An individual or entity that purchases or uses a new product relatively early in its introduction to the market.