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Bowflexs television commercials advertise their fitness machine that sells for $999. However, Bowflex offers customers a pla
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Answer #1

PV =999
PMT=33
Number of months =36
Using Financial Calculator to calculate
N=36;PMT=33;PV=-999; CPT I/Y =0.97%

APR =12*0.97% =11.64%
(Option b is correct option)

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