Use the equation below and choose the correct answers for c, the total of the payments, and the monthly payment.
Carl Carpenter buys a drill press. The price, including tax, is $675.00. 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 intrest to the nearest penny c = $
total of payments = amount financed + c=$
total of payments / number of payments = monthly payment = $
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