another story problem
Rochelle purchased an wide screen TV that cost $1815.44 with interest included. She paid $350 as a down payment and agreed to pay the remainder in 24 monthly payments. What amount will she be paying per month?
I think I know the answer I just can't seem to write the the formula to match it. my guess is around $60 a month
Total cost T=1815.44 dollars,
Originally Posted by Patience
Down payment D=350 dollars
Total owed = T - D = 1465.44
This is to be paid in M=24 equal repayments P, so: