Shania bought a $1,455 drum set on an installment plan. The installment agreement included a 15% down
Question:
Shania bought a $1,455 drum set on an installment plan. The installment agreement included a 15% down payment and 18 monthly payments of $80.78 each.
a. How much is the down payment?
b. What is the total amount of the monthly payments?
c. How much will Shania pay for the drum set on the installment plan?
d. What is the finance charge?
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Cost Price1455 Down Payment15 of 1455 ...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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