Mathematics

28 June, 01:55

Carl Carpenter buys a drill press. The price, including tax, is $725.00. He finances the drill press over 24 months after making a $50 down payment. The true annual interest rate is 14%. What are Carl's monthly payments (principal plus interest) ?

Amount of Interest to the nearest penny, c = $.

Total of payments = amount financed + c = $.

Total of payments : number of payments = monthly payment = $.

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