Question

Gregory needs to purchase a washer and dryer. He finds both on sale for $2,000. He has decided to pay for them on an installment plan. He will pay 20% down and then make monthly payments of $100 for 18 months. What is the dollar amount ($) of his down payment? How much money are the total payments? What is the finance or interest paid using the installment plan?
SHOW THE WORK PLEASE ​

Answer 1

Step-by-step explanation:

.20 times 2000 is your answer = $40 is 20% of 2000.