Question: Shania bought a $1,455 drum set on the installment plan. The installment agreement included a 15% down payment and 18 monthly payments of $80.78 each.

Shania bought a $1,455 drum set on the installment plan. The installment agreement included a 15% down payment and 18 monthly payments of $80.78 each.
a. How much is the down payment?
b. What is the total amount of the monthly payments?
c. How much will Shania pay for the drum set on the installment plan?
d. What is the finance charge?

Step by Step Solution

★★★★★

3.32 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a 1455 015 21825 b ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

790-L-A-L-S (1668).docx

120 KBs Word File

Students Have Also Explored These Related Linear Algebra Questions!

Linda bought a washer and dryer from Millpage Laundry Supplies for y dollars. She signed an installment agreement requiring a 15% down payment and monthly payments of x dollars for one year. a....

Mr. and Mrs. Chan want to buy furniture that has a cash price of $3450. On the installment plan, they must pay 25% of the cash price as a down payment and make six monthly payments of $437. (a) What...

Lillian purchased a guitar from Smash Music Stores. It regularly sold for $670, but was on sale at 10% off. She paid 8% tax. She bought it on the installment plan and paid 15% of the total cost with...

PRACTICE EXERCISES 1. Aussie wants to buy a guitar for his son. The guitar cost $749.00, plus 7.5% sales tax. He wants to save and pay cash. a. What is the sales tax on the guitar?...

Maximus bought a $3.300 bedroom set on an installment plan. The installment agreement included an 18% down payment and 18 monthly payments of $190 each. How much is the down payment? " $297.33...

Shania bought a $1,455 drum set on the installment plan. The agreement included a 15% down payment and 18 monthly payments of $80.78 each. What was the down payment? A. $218.25 B. $80.78 C. $15.00 D....

Jean bought a $1,980 snow thrower on the installment plan. The installment agreement included a 10% down payment and 18 monthly payments of $116 each. a. How much is the down payment? b. What is the...

3. Jean bought a $1,980 snow thrower on an installment plan. The installment agreement included a 10% down payment and 18 months of monthly payments of $116 each. a) How much is the down payment? b)...

2. Shania bought a $1,455 drum set on the installment plan. The installment agreement included a 15% down payment and 18 monthly payments of $80.78 each. a. How much is the down payment? b. What is...

Shania bought a $1,455 drum set on an installment plan. The installment agreement included a 15% down payment and 18 monthly payments of $80.78 each. a. How much is the down payment? b. What is the...

According to numbers provided by the Bureau of Labor Statistics, the probability that three unrelated new businesses will last for five years is .216. What is the probability that all three have...

Suppose you are applying for a 30-year mortgage loan and your gross income is $100,000 per year. Suppose that annual property taxes are fixed at $5,000 per year, and current mortgage rates are at 5%....

| | | Part 2 : BinarySearchTree Class Interface For this project, you are also to create a wrapper BinarySearchTree Class. In reality, this class doesn't do that much. The class simply starts...

The file korea_phillips.wf1 contains data for wages and unemployment for the Korean economy. Test for cointegration between the two variables using the EG approach and comment on the validity of the...

Find the distance between (5, 8) and (-1, 5).

The parking lot behind Kai's Kafé has a perimeter of 210 m. The width is three-fourths of the length. What are the dimensions of the parking lot?

Jessie's Juice Bar prices its bottled juices by raising the wholesale price 50% and then adding 25. What is the wholesale price of a bottle of juice that sells for $2.95?

please use R for calculations if possible! (1 point) The number of customers who use a drive-thru automated teller machine (ATM) varies from one hour to the next with an average rate of 6.22...

*** Perform the following operation: CAD base 15 * 0AC base 14 = ------- 13

Which of the following answer choices is more characteristic of a venture capitalist than an angel investor? Usually corporate entities; often tied to individual or group expertise; early stages of...