Question: Stereo Inc. sells a stereo system for $600 down and monthly payments of $80 for the next 4 years. If the interest rate is 14.85%

Stereo Inc. sells a stereo system for $600 down and monthly payments of $80 for the next 4 years. If the interest rate is 14.85% per year compounded monthly, find: a) The cost of the stereo. Answer = $ b) The total amount of interest paid. Answer = $

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