Business and Finance

timer Asked: Aug 28th, 2014
account_balance_wallet $5

Question Description

An entertainment center is financed at a total cost of $2305.31 including a down payment of $250. If the center is financed over 24 months, find the monthly payment. Round to nearest cent as needed.

Tutor Answer

School: Boston College

cost = 2305.31

down payment= 250

remaining= 2305.31-250= 2055.31

24 monthly payment= 2055.31/24= 85.63= $86

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