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Mrs. Rolle purchased a computer using the payment plan.CASH PRICE: $1220OR 20% DOWN PLUS 12 EQUAL PAYMENTS OF $112.00 EACHCalculate:(a) the deposit(b) the total monthly payments(c) The total cost of the computer on the payment plan.(d) How much she would have saved by paying cash? |
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Answer» Given : Mrs. Rolle PURCHASED a computer using the payment plan. CASH PRICE: $1220 OR 20% DOWN PLUS 12 EQUAL PAYMENTS OF $112.00 EACH To Find : (a) the deposit (b) the total monthly payments (c) The total cost of the computer on the payment plan. (d) How much she WOULD have saved by paying cash? Solution: CASH PRICE: $1220 20% DOWN PAYMENT = (20/100) 1200 = 240 $ the deposit = 240 $ 12 EQUAL PAYMENTS OF $112.00 EACH the total monthly payments = 12 * 112 = 1,344 $ The total cost of the computer on the payment plan. = 240 + 1344 = 1584 $ The total cost of the computer on the payment plan. = 1584 $ could be saved by paying cash = 1584 - 1220 = 364 $ Learn More: find the value of inst allment |
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