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Flauer [41]
3 years ago
15

You can buy a television for $349 cash or pay $75 down and the balance in 18 monthly payments of $22.50. What is the installment

price of the television? By what percent would the installment price be greater than the cash price?
Business
1 answer:
noname [10]3 years ago
5 0
349 (cash price)
If payment option
18x22.50=405 (balance) +75(down payment )= 480
A difference of 131
27.292% difference
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To find the present value index, use the formula:

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