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5 votes
Micah and his cousins plan to all chip in to get their grandmother a $610

Christmas present. They can afford to put it on layaway with a 5% down
payment and pay $90 a month after that. If payments are due at the
beginning of each month, when should Micah and his cousins make their first
monthly payment?

User Aborilov
by
5.2k points

2 Answers

2 votes

Answer:

june 1st

Explanation:

I jus did it.

User LMVogel
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5.6k points
2 votes

Answer:

They have pay initially the down payment of 5% and the first month's installment.

Explanation:

Micah and his cousins plan to all chip in to get their grandmother a $610 Christmas present.

They make a down payment of 5% and pay $90 a month after that.

If the payments are due at the beginning of each month, then they have to pat the first month's installment with their down payment.

That means they have pay initially the down payment of 5% and the first month's installment. (Answer)

User Wordica
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5.4k points