Question

riley bought a piano for $4000 and made a down payment of $400. if the balance is financed at a simple interest rate pf 8% with 24 equal monthly payments, what are the installments

Answer 1

Total cost with interest and down payment: $4288

Monthly payment with interest: $162

(if this doesnt answer your question, plz let me know what you mean by installments and ill try again)

Explanation