SOLUTION: Omar wants to buy a television that will cost $900. He needs 25 percent as a down payment. After he makes his down payment, he will pay for the rest of the television in five month

Question 956695: Omar wants to buy a television that will cost $900. He needs 25 percent as a down payment. After he makes his down payment, he will pay for the rest of the television in five monthly installments. How much will Omar owe after he pays the first two installments?

Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
R=Amount remaining; n=number of payments made=2; P=amount of payment
=$135

=$405 ANSWER: After 2 installments, Omar will owe $405.
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