Read each of the given problems and then select the best of the given answers in Problems
Question:
Read each of the given problems and then select the best of the given answers in Problems 3–29.
Ben wants to finance the purchase of a guitar that is priced at $1,500. He contacts ABC Finance Company, and they believe the value of the guitar to be worth 10% less than that, and their policy is to lend only 80% of the value of the guitar. What is the down payment?
A. $420
B. $1,320
C. $1,080
D. $1,350
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