a new big screen TV

macroeconomic
June 28, 2019
Bobbi​ Hilton, 62
June 28, 2019

Camerin wants a new big screen TV and home theater surround sound​ system, which he thinks will cost $4,670. The store will finance up to ​$4,170 for 2 years at a 18.50 percent interest rate. Assuming Camerin accepts the​ store’s financing, what  will his monthly payment​ be? If he increases his down payment to​ $1,000, how much will his monthly payment​ be?

Assuming Camerin accepts the​ store’s financing, his monthly payment will be ​$____?

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