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4. Akash wanted to buy a brand-new gaming system with all of his favorite games so that he would be entertained over winter break. The
4. Akash wanted to buy a brand-new gaming system with all of his favorite games so that he would be entertained over winter break. The grand total for his purchase was $1290. He decided to make a 20% down payment on the purchase and put the rest on his store credit card. The interest rate on the store credit card is 15.5% and he plans to pay it off in 2 years by making monthly payments. What will his monthly payments be? a) If Akash makes a 20% down payment on the purchase price, how much will that be? $_Click or tap here to enter text. Show your work. Click or tap here to enter text. b) Once he makes a down payment, how much will be charged to his credit card? $ _Click or tap here to enter text. _ Show your work. Click or tap here to enter text. c) How much will his monthly credit card payment be? $ _Click or tap here to enter text._ N = Click or tap here to enter text. 1% = Click or tap here to enter text. PV = Click or tap here to enter text. PMT = Click or tap here to enter text. FV = Click or tap here to enter text. P/Y = Click or tap here to enter text. C/Y = Click or tap here to enter text. PMT: DEND OBEGIN
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