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25 May, 16:16

an entertainment center is financed at a total cost of $2,389.75 including a down payment of $150. if the center is financed over 24 months, find the monthly payment.

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  1. 25 May, 16:37
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    First, we have to find the payment due after the down payment:

    2389.75 - 150 = 2239.75

    Now, assuming that the amount of money paid never changes, we simply divide the total amount of money due by the total amount of months:

    2239.75/24 = 93.32 (I rounded to the nearest hundredth)

    It will be financed at about $93.32 a month.
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