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Posted on Sep 30, 2024

You buy a TV for $800 and agree to pay for it in 18 monthly payments at 1.5% interest per month on the unpaid balance.

You buy a TV for $800 and agree to pay for it in 18 monthly payments at 1.5% interest per month on the unpaid balance. How much are your monthly payments?

a. $44.44

b. $51.04

c. $80.49

d. $800

Also please show how much interest is paid. Please show what formulas you used, and step by step how you got your answer. Thank you! :)

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