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10 November, 22:01

Sum of payments = number of payments x amount of payments

Finance charge = total cost - purchase price

Guided Exercises

1. Monique purchases a $5,100 dining room set. She can't afford to pay cash, so she

uses the installment plan, which requires an 18% down payment. How much is the

down payment?

Amount of down payment = decimal percent of down payment x purchase price

Amount of down payment = 0.18 x 5,100 =.

Write the percent as a decimal.

Monique will pay a down payment of

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Answers (1)
  1. 11 November, 01:57
    0
    Step-by-step explanation:

    amount of down payment = 0.18 (5100) = $ 918
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