Question: Previous Problem Problem List Next Problem (3 points) Stereo Inc, sells a stereo system for $200 down and monthly payments of $40 for the next

Previous Problem Problem List Next Problem (3 points) Stereo Inc, sells

Previous Problem Problem List Next Problem (3 points) Stereo Inc, sells a stereo system for $200 down and monthly payments of $40 for the next 3 years. If the interest rate is 3% per month find: a) The cost of the stereo Answer = $ 1825.99 b) The total amount of interest paid. Answer $ 577 Note: You can earn partial credit on this

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