We visited the store and got a quote for carpet and installation of $$3,400,$ plus $7\%$ tax. If we were to finance the full amount, plus tax, for $36$ months what would that mean? So this is a practice exercise for you and here are the questions to consider

What is the total amount you will pay if you do not pay the loan within the term ans meet all the conditionsof the loan? First, you need to calculate the payments; so$,$ now you have all the TVM variables. Now solve for Payment $($press PMT$).$ What is the payment?