Question: 1. Shivani buys a new security system for $ 2,800 paying $ 300 down and the remainder in equal monthly payments over 2 years at

1. Shivani buys a new security system for

$

2,800 paying

$

300 down and the remainder in equal monthly

payments over 2 years at 7% c.m. Calculate the monthly payment and the total interest charged. (3 marks)

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