1. The Ashtons bought a stove priced at $1420.45 on the instalment plan for 10% down and 20 equal monthly payments. Interest is at a nominal rate of 15%. Determine a) The down payment (3 marks) b) The amount financed (3 marks) c) The cost of financing (3 marks) d) The total amount paid in instalments (3marks) e) The monthly payments (3 marks) f) The true rate of interest (4 marks)