A refrigerator is bought for $60 down-payment and $60 a month for 15 months that is paid 3 months after the down payment. If interest is charged at i(2) = 8 % , what is the cash price of the refrigerator?

1. A refrigerator is bought for $60 down-payment and $60 a month for 15 months that is paid 3 months after the down payment. If interest is charged at i(2) = 872 % , what is the cash price of the refrigerator