159k views
5 votes
Aubrey and her cousins plan to all chip in to get their grandmother a $530

Christmas present. They can afford to put it on layaway with a 5% down
payment and pay $60 a month after that. If payments are due at the
beginning of each month, when should Aubrey and her cousins make their
first monthly payment?
O
A. June 1
B. April 1
O C. March 1
O D. May 1
SUBMIT

Answer: April 1

2 Answers

4 votes

Answer:April 1

Explanation:

User Davidawad
by
5.5k points
2 votes
You should start on April 1, because if you want to get it for her for Christmas. you can divide $530 by $60. April to december is 8 months, hope i help
User SaiGiridhar
by
4.8k points