SOLUTION: An item is for sale 27,000 USD. Tony can pay 7,700 downpayment and 2,400 payment every end of the month, how many regular payments of 2,400 must he make and what will be the size o
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Question 327262: An item is for sale 27,000 USD. Tony can pay 7,700 downpayment and 2,400 payment every end of the month, how many regular payments of 2,400 must he make and what will be the size of the concluding payment?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Balance = $27000-$7700=$19300
8 payments of $2400=$19200
Leaving a final $100 payment.
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