Question

a store selling a couch for $623 on a 24 month payment plan if your down payment of 152 is given and no interest is charged how much will a customer have to pay each month. round your answer to the nearest cent

Answer 1

First start with $623 and subtract the $152 deposit. Then divide that answer by 24, which equals 19.625. The monthly payment would be 19.63 monthly for 24 months.

Answer 2

First, subtract your down payment from the cost of the couch. Then, divide that by 24 because payments are being payed 24 times to get to that amount.

$623 - $152 = $471

$471/ 24 = $19.625 per month ( $19.63)

Hope this helps!