Find the monthly interest payment in the situation below. 

Vic bought a new plasma TV for $2200 . He made a down payment of $300 and then financed the balance through the store. Unfortunately, he was unable to make the first monthly payment and now pays 6 % interest per month on the balance (while he watches his TV).

Answer rating: 100% (QA)

To find the monthly interest payment for Vics situation we first need ... View the full answer