SOLUTION: Tony and Barb decide to buy new living room furniture worth $10,000. They make a down payment of $1000. Barb decides they should pay off what they owe in 30 monthly payments. Find
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Question 1042209: Tony and Barb decide to buy new living room furniture worth $10,000. They make a down payment of $1000. Barb decides they should pay off what they owe in 30 monthly payments. Find the amount of the monthly payment at 10% add-on interest.
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
They buy $10000 worth of furniture, put $1000 down, leaving a balance of $9000.
9000/30=300
300+10%=$330 payment due every month. ☺☺☺☺
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