Stereo Inc. sells a stereo system for $200 down and monthly pay- ments of $50 for the next 3 years. If the interest rate

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Stereo Inc. sells a stereo system for $200 down and monthly pay- ments of $50 for the next 3 years. If the interest rate

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Stereo Inc Sells A Stereo System For 200 Down And Monthly Pay Ments Of 50 For The Next 3 Years If The Interest Rate 1
Stereo Inc Sells A Stereo System For 200 Down And Monthly Pay Ments Of 50 For The Next 3 Years If The Interest Rate 1 (419.68 KiB) Viewed 33 times
Stereo Inc. sells a stereo system for $200 down and monthly pay- ments of $50 for the next 3 years. If the interest rate is 2% per month, find: a) The cost of the stereo. Answer = Hint: The answer is a dollar amount and should include a dollar a sign and have exactly two decimal places. b) The total amount of interest paid.
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