Mathematics

Charlie Harrington

8 April, 17:47

Sum of payments = number of payments x amount of payments

Finance charge = total cost - purchase price

Guided Exercises

1. Monique purchases a $5,100 dining room set. She can't afford to pay cash, so she

uses the installment plan, which requires an 18% down payment. How much is the

down payment?

Amount of down payment = decimal percent of down payment x purchase price

Amount of down payment = 0.18 x 5,100 =.

Write the percent as a decimal.

Monique will pay a down payment of