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Joe is buying some kitchen equipment for his new apartment. The total cost is $3400 and he places a down payment of $1500. There is
Joe is buying some kitchen equipment for his new apartment. The total cost is $3400 and he places a down payment of $1500. There is add-on interest of 9%.
A) What is the amount financed? [ Select ] ["$1,900", "$3,400", "$2,900", "$1,500"]
B) What is the total amount to be repaid if he takes 5 years to pay for the purchase? [ Select ] ["$2,755", "$4,930", "$855", "Not Enough Inforamtion Given"]
C) Find monthly payment. [ Select ] ["$45.92", "$56.67", "$31.67", "$551.00"]
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