Lavina wants to buy a rocking chair for $160. Shell pay 10% down and pay the rest in six monthly installments. What wil be the a mount of each monthy payment?
2 answers:
$160 divided by 10% is $16. The remaining $144 will should into 6 because of how monthly installments there are. Lavina is then left with $24 for each monthly installment.
$16.00 will be the down payment that leaves a balance of $144.00 so you divide that by 6 and the monthly installments will be $24.00.
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