Identify the equation that could be used below and choose the correct answer for c, the total of the payments, and the monthly payment. Carl Carpenter buys a drill press. The price, including tax, is $675.00. He finances the drill press over 24 months after making a $50 down payment. The true annual interest rate is 14%. What are Carl's monthly payments (principal plus interest) ?

A. amount of intrest to the nearest penny c = $

B. total of payments = amount financed + c=$

C. total of payments / number of payments = monthly payment = $

Question

Denise Banks

22 August, 07:03

+5

Answers (1)

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Kailee Weiss · Answer 1

C.

The total of the payments divided by the number of payments gives us the value of Carl's monthly payment.