Question: Stereo Inc. sells a stereo system for $600 down and monthly payments of $80 for the next 5 years. If the interest rate is 1.5%

Stereo Inc. sells a stereo system for $600 down and monthly payments of $80 for the next 5 years. If the interest rate is 1.5% per month, find:
a) The cost of the stereo.
Answer = $
b) The total amount of interest paid.
Answer = $

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