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Jessica bought a bedroom suite on credit, signing an installment contract with a finance company that requires monthly payments of S100.00 for 5 years. The

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Jessica bought a bedroom suite on credit, signing an installment contract with a finance company that requires monthly payments of S100.00 for 5 years. The first payment is made on the date of signing and interest is 24% compounded monthly a) What was the cash price? 3 b) How much will Tricia pay in total? 1 c) How much of what she pays will be interest? 2 (You have to disclose ALL detail manual calculation steps. Answers without sufficient steps will receive 0 mark). 6

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