SOLUTION: You are going to purchase a new sofa for your apartment; the total cost is $1574. You will pay $294 down and pay the rest in monthly installments (interest free) over a period of t

Question 1203066: You are going to purchase a new sofa for your apartment; the total cost is $1574. You will pay $294 down and pay the rest in monthly installments (interest free) over a period of two years. What will be the monthly payment? $________
Round to 2 decimal places
Answer by ikleyn(52785) (Show Source): You can put this solution on YOUR website!
.


The solution is in one line


    answer =  = (use your calculator or compute manually) = 53.34  dollars.


Rounded to the closest greater cent, in order for the buyer was not in debt at the end.

Solved.

As simple as 5 - 2 = 3.

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