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andriy [413]
3 years ago
6

Mary Lee bought a stove for $460. She made a down

Mathematics
2 answers:
Nastasia [14]3 years ago
6 0

Answer:

Im pretty sure it is 20 dollars... let me know if im right.

Step-by-step explanation:

UNO [17]3 years ago
3 0

Answer:

The total price of the stove, after installments, was:

  • <u>$480</u>.

Step-by-step explanation:

Although the stove had an initial value of $460, you should understand that when you purchase a product or service in installments, you regularly pay a little more than the initial cash value, due to some interest that is generated during that time, in this case, Mary Lee made a down payment of $60, and also made 10 monthly payments of $42, so it can be calculated as follows:

  • Stove final value = $60 + ($42 * 10)
  • Stove final value = $60 + $420
  • <u>Stove final value = $480</u>

With which, <em>you can deduce that the interest generated during the ten months was $20</em>.

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