78.3k views
5 votes
52. CHALLENGE A college student finances a computer that costs $1850. The

financing plan states that as long as a minimum monthly payment of
2.25% of the remaining balance is made, the student does not have to pay
interest for 24 months. The student makes only the minimum monthly
payments until the last payment, What is the amount of the last payment
if the student buys the computer without paying interest? Round your
answer to the nearest cent.

1 Answer

2 votes

Answer:

740$

Explanation:

User SkidRunner
by
3.5k points