Jerry is planning to buy a stereo system priced at $840 through an installment plan. This plan requires a down payment of $190 and 24 monthly payments of $32.35.

How much more will Jerry pay for the stereo system by using the installment plan rather than paying cash?
1. $63.60
2. $253.60
3. $126.40
4. $650.00

Question

Jerry is planning to buy a stereo system priced at $840 through an installment plan. This plan requires a down payment of $190 and 24 monthly payments of $32.35.

How much more will Jerry pay for the stereo system by using the installment plan rather than paying cash?
	1.	 	$63.60
	2.	 	$253.60
	3.	 	$126.40
	4.	 	$650.00

anonymous · Answer

(190+24*32.25)-840=$126.40
as simple as that