Asked by Leslie
Julia purchased a new sofa for $1300 and made a 15% down payment and financed the rest over 12 months. The store charged 11% interest on the amount financed.
Find the down payment $
Find the amount financed: $
Find the interest paid: $
Find the monthly payment $
Find the down payment $
Find the amount financed: $
Find the interest paid: $
Find the monthly payment $
Answers
Answered by
Ms. Sue
Down payment: 0.15 * 1300 = d
Amount financed: 1300 - d = c
Interest paid: 0.11 * c = b
Monthly payment: b/12
Amount financed: 1300 - d = c
Interest paid: 0.11 * c = b
Monthly payment: b/12
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.