Monique purchases a $5,100 dining room set. She can't afford to pay cash, so she uses...

  

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Monique purchases a $5,100 dining room set. She can't afford to pay cash, so she uses the installment plan, which requires an 18% down payment. How much is the down payment? 2. Joe wants to purchase an electric keyboard. The price of the keyboard at Macelli's, with tax, is $2,344. He can save $150 per month. How long will it take him to save for the keyboard? 3. Lisa purchases a professional racing bicycle that sells for $3,000, including tax. It requires a $200 down payment. The remainder, plus a finance charge, is paid back monthly over the next 2 years. The monthly payment is $111.75. What is the finance charge? 4. The price of a stove is s dollars. Pedro makes a 10% down payment for a two-year installment purchase. The monthly payment is m dollars. Express the finance charge algebraically. 5. Depot Headquarters has a new promotional payment plan. All purchases can be paid off on the installment plan with no interest, as long as the total is paid in full within twelve months. There is a $25 minimum monthly payment required. If the Koslow family buys a hot tub for $4,355, and they make only the minimum payment for 11 months, how much will they have to pay in the 12th month? 6. The White family purchases a new pool table on a no-interest-for-one-year plan. The cost is $2,665. There is a d dollars down payment. If they make a minimum monthly payment of m dollars until the last month, express their last month's payment algebraically. 7. Snow-House sells a $1,980 snow thrower on the installment plan. The installment agreement includes a 20% down payment and 12 monthly payments of $161 each. a. How much is the down payment? b. What is the total amount of the monthly payments? c. What is the total cost of the snow thrower on the installment plan? d. What is the finance charge? 8. Carey bought a $2,100 computer system on the installment plan. He made a $400 down payment, and he has to make monthly payments of $79.50 for the next two years. How much interest will he pay? Monique purchases a $5,100 dining room set. She can't afford to pay cash, so she uses the installment plan, which requires an 18% down payment. How much is the down payment? 2. Joe wants to purchase an electric keyboard. The price of the keyboard at Macelli's, with tax, is $2,344. He can save $150 per month. How long will it take him to save for the keyboard? 3. Lisa purchases a professional racing bicycle that sells for $3,000, including tax. It requires a $200 down payment. The remainder, plus a finance charge, is paid back monthly over the next 2 years. The monthly payment is $111.75. What is the finance charge? 4. The price of a stove is s dollars. Pedro makes a 10% down payment for a two-year installment purchase. The monthly payment is m dollars. Express the finance charge algebraically. 5. Depot Headquarters has a new promotional payment plan. All purchases can be paid off on the installment plan with no interest, as long as the total is paid in full within twelve months. There is a $25 minimum monthly payment required. If the Koslow family buys a hot tub for $4,355, and they make only the minimum payment for 11 months, how much will they have to pay in the 12th month? 6. The White family purchases a new pool table on a no-interest-for-one-year plan. The cost is $2,665. There is a d dollars down payment. If they make a minimum monthly payment of m dollars until the last month, express their last month's payment algebraically. 7. Snow-House sells a $1,980 snow thrower on the installment plan. The installment agreement includes a 20% down payment and 12 monthly payments of $161 each. a. How much is the down payment? b. What is the total amount of the monthly payments? c. What is the total cost of the snow thrower on the installment plan? d. What is the finance charge? 8. Carey bought a $2,100 computer system on the installment plan. He made a $400 down payment, and he has to make monthly payments of $79.50 for the next two years. How much interest will he pay?