SOLUTION: Can someone help me on this? 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 mo

Algebra ->  Average -> SOLUTION: Can someone help me on this? 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 mo      Log On


   

Question 45730: Can someone help me on this?
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 months payments. What amount will he be paying per month?
Thanks,
Ashley
Answer by atif.muhammad(135) About Me  (Show Source):
You can put this solution on YOUR website!
$736.12 = total cost

He's already paid $100, so he's got $636.12 left.

He wants to pay this over 18 months. Therefore, 636.12%2F18 = $35.34/month