Solve the problem.
-An item is purchased for $5200 with a down payment of $1000. There is a finance charge of $1100. Find the monthly payment if 36 payments are made.

Name: Solve the problem. -An item is purchased for $5200 with a down payment of $1000. There is a finance charge of $1100. Find the monthly payment if 36 payments are made.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The total amount financed is $5200 - $1000 + $1100 = $5300. Dividing this by 36 payments gives $5300 / 36 = $147.22 per month.

Solve the Problem. -An Item Is Purchased for $5200 with a Down Payment