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A person purchased a television for $ 7 5 0 and agreed to pay for it in 2 4 equal monthly installments, beginning one month
A person purchased a television for $ and agreed to pay for it in equal monthly installments, beginning one month after the purchase. The contract also stipulates that the buyer must pay annuities equivalent to three monthly payments in December of both years. If the television was purchased on January of year you will have to pay, in December of year and December of year four monthly payments in each period one normal plus the annuity If the interest that
charged is monthly, how much are the monthly payments?
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