The installment price of a food processor is $379.48 with 18 monthly payments and a down payment of $40. Find the monthly payment.

Name: The installment price of a food processor is $379.48 with 18 monthly payments and a down payment of $40. Find the monthly payment.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

The total amount to be paid in installments is $379.48 - $40 = $339.48. Dividing this by 18 months gives a monthly payment of $18.86.

The Installment Price of a Food Processor Is $379