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A sofa sells for $1255.00 on the installment plan, which includes the finance charge. The payment plan calls for 10 percent down and the balance in 12 equal payments. The amount of each payment is $125.
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A sofa sells for $1255.00 on the installment plan, which includes the finance charge. The payment plan calls for 10 percent down and the balance in 12 equal payments. The amount of each payment is $125.50. $86.43. $94.13. $120.00.

User Insung
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1 Answer

6 votes

Answer:

$94.125

Explanation:

A sofa sells for $1255.00 on the installment plan, which includes the finance charge-example-1
User Mlbright
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