cowgirlford
contestada

Find C, the total of the payments, and the monthly payment. Choose the correct answers. 2yc Interest(n) = m(n+1)

Joe Summers buys a gas grill and accessories. The cost, including tax, amounts to $850.00. Joe finances the grill over 12 months after making a $150 down payment. The true annual Interest rate is 14%. What are Joe's monthly payments (principal plus Interest)?

To the nearest penny, c = $ Total of payments = amount financed + c = $ Total of payments = number of payments = monthly payment = $​

Respuesta :

wadfasd

Answer:

"$66.5

Step-by-step explanation:

The cost, including tax, amounts to $850.00.

Down payment =$150

Amount after paying down payment = $850-$150=$700

Interest rate = 14 %

So, interest on $700 =

So, c = $98

Total payment = amount financed + c  = 700+98=$798

Now Joe finances the grill over 12 months

So, no. of payments = 12

Now Monthly payment = Total of payments ÷ number of payments

                                      =798 ÷ 12

                                      =$66.5

Hence Joe's monthly payments (principal plus interest) is $ 66.5" i quoted so give the other person brainliest!

Step-by-step explanation:

Otras preguntas