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Howard bought a dish washer for $550. He made a down payment of $75 and paid the balance off in 12 monthly payments. Find the monthly payment if the interest rate was 11%.
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Howard bought a dish washer for $550. He made a down payment of $75 and paid the balance off in 12 monthly payments. Find the monthly payment if the interest rate was 11%.

User Ortwin Angermeier
by
8.5k points

1 Answer

3 votes

Answer:

$900 for monthly payments

Explanation:

$1450 in total

User OMRY VOLK
by
8.1k points
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