Mathematics, 19.03.2021 03:20, hncriciacheichi

1. Carlos bought a $950 bicycle on the installment plan. The installment agreement included a 20% down payment and12 monthly payments of $70 each.
a. How much is the down payment?
b. What is the total amount of the monthly payments?
c. How much did Carlos pay for the
car stereo on the installment plan?
d. What is the finance charge?

Answers: 1

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1. Carlos bought a $950 bicycle on the installment plan. The installment agreement included a 20% do...