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Raul and Josephine buy a plasma TV from Sparky’s Electronics on an installment plan (simple interest add on loan). They will pay the TV off in 3 years, paying 19.25% interest. a. If the TV costs $1299.00, what will their monthly payments be? b. If they make an $800 down payment up front, what will their payments be? Total: 10 points a. Total: 5 points Breakdown Correct work: 1.5 points Correct answer: 2.5 points Sentences explaining reasoning: 1 point b. Total: 5 points Breakdown Correct work: 1.5 points Correct answer: 2.5 points Sentences explaining reasoning: 1 point

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Raul and Josephine buy a plasma TV from Sparky’s Electronics on an installment plan (simple interest add on loan).

They will pay the TV off in 3 years, paying 19.25% interest. a. If the TV costs $1299.00, what will their monthly payments be? b. If they make an $800 down payment up front, what will their payments be?

Total: 10 points a. Total: 5 points Breakdown Correct work: 1.5 points Correct answer: 2.5 points Sentences explaining reasoning: 1 point b. Total: 5 points Breakdown Correct work: 1.5 points Correct answer: 2.5 points Sentences explaining reasoning: 1 point

 
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