Question: Previous Problem Problem List Next Problem (1 point) Stereo Inc. sells a stereo system for $400 down and monthly payments of $60 for the next5

Previous Problem Problem List Next Problem (1 point) Stereo Inc. sells a stereo system for $400 down and monthly payments of $60 for the next5 years. If the interest rate is 3.25% per month, find: a) The cost of the stereo Answer $ b) The total amount of interest paid. Answer Note: You can earn partial credit on this problem. Preview My Answers Submit Answers

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