Mathematics, 24.02.2021 22:40 KillerSteamcar
Find the monthly interest payment in the situation below. Assume that monthly interest rates are 1/12 of annual interest rates.
Vic bought a new plasma TV for $1900.
He made a down payment of $200 and then financed the balance through the store. Unfortunately, he was unable to make the first monthly payment and now pays
4% interest per month on the balance (while he watches his TV).
what is vic's monthly interest payment?
Answers: 3
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