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
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-> 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
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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(52781) (Show Source):
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.
