Question

A store is selling a couch for $975.00 on a 24-month payment plan. If a down payment of $132.00 is given, and no instrest is charged, how much will a customer have to pay each month

Answer 1

$35.13

Explanation:

monthly payment = (cost - down payment) / number of month

(975 - 132) / 24 =

843/24= 35.13