Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carl purchased a $364 car stereo at Worst Buy.He paid $39 at the time of purchase and agreed to pay the balance in 12 equal

Carl purchased a $364 car stereo at Worst Buy.He paid $39 at the time of purchase and agreed to pay the balance in 12 equal monthly payments.The finance charge was 14% simple interest.What was the amount of each payment?

State your answer in terms of dollars, rounded to the nearest cent, but do not include a $ sign or the word "dollars" with your response.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Discrete Mathematics and Its Applications

Authors: Kenneth H. Rosen

7th edition

0073383090, 978-0073383095

More Books

Students also viewed these Mathematics questions