document.write( "Question 48169: Al purchased a new refrigerator that cost $736.12 with interest included. He paid $100 as a down payment and agreed to pay the remainder in 18 monthly payments. What amount will he be paying per month? \n" ); document.write( "
Algebra.Com's Answer #34183 by jbhsmith(2)![]() ![]() ![]() You can put this solution on YOUR website! There are a few different ways to solve a problem like this: The easiest way would be to work your problem in steps.\r \n" ); document.write( "\n" ); document.write( "Step 1...Take the $736.12 and subtract the $100.00 down payment from that. \n" ); document.write( "......... $736.12 \n" ); document.write( " -$100.00 \n" ); document.write( " _______ \n" ); document.write( " $636.12\r \n" ); document.write( "\n" ); document.write( "Step 2...Divide the amount Al owes for the regrigerator which is $636.12, by \n" ); document.write( " the number of monthly payments he would have to pay until the \n" ); document.write( " refrigerator is paid off, which is 18. \n" ); document.write( ".........18/636.12----I put the / in place of the division symbol. Hopefully \n" ); document.write( " this wont confuse you. \n" ); document.write( ".........18/$636.12 =$35.34.\r \n" ); document.write( "\n" ); document.write( "Step 3. The monthly payment for Al's new refrigerator is $35.34.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |