Micah and his cousins plan to all chip in to get their grandmother a $610

Christmas present. They can afford to put it on layaway with a 5% down

payment and pay $90 a month after that. If payments are due at the

beginning of each month, when should Micah and his cousins make their first

monthly payment?

Question

Ashley Hurley

Mathematics

19 May, 00:25

Micah and his cousins plan to all chip in to get their grandmother a $610

Christmas present. They can afford to put it on layaway with a 5% down

payment and pay $90 a month after that. If payments are due at the

beginning of each month, when should Micah and his cousins make their first

monthly payment?

+5

Answers (2)

Know the Answer?

Ezra Curtis · Answer 1

They have pay initially the down payment of 5% and the first month's installment.

Step-by-step explanation:

Micah and his cousins plan to all chip in to get their grandmother a $610 Christmas present.

They make a down payment of 5% and pay $90 a month after that.

If the payments are due at the beginning of each month, then they have to pat the first month's installment with their down payment.

That means they have pay initially the down payment of 5% and the first month's installment. (Answer)