Find c, the total of the payments, and the monthly payment. Choose the correct answers.
2 yc
Interest(1) =
mi(n+1)
Joe Summers buys a gas grill and accessories. The cost, including tax, amounts to $850.00. Joe finances the grill over
12 months after making a $150 down payment. The true annual interest rate is 14%. What are Joe's monthly payments
(principal plus interest)?
To the nearest penny, c = ?
Total of payments = amount financed + c = ?
Total of payments - number of payments = monthly payment = ?