The Giordanos buy $8000 worth of furniture for their new home. They pay $1000 down. The...

Transcribed Image Text:

The Giordanos buy $8000 worth of furniture for their new home. They pay $1000 down. The store charges 10% add-on interest. The Giordanos will pay off the furniture in 30 monthly 1 payments (2 years). Find the monthly payment. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The Giordanos buy $8000 worth of furniture for their new home. They pay $1000 down. The store charges 10% add-on interest. The Giordanos will pay off the furniture in 30 monthly 1 payments (2 years). Find the monthly payment. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Answer rating: 100% (QA)

Answer Given i Furniture worth 8000 ii Down payment given 1000 iii Rate of add on ... View the full answer