coltybugsmama:

Carl Carpenter buys a drill press. The price, including tax, is $675.00. He finances the drill press over 24 months after making a$50 down payment. The true annual interest rate is 14%. What are Carl's monthly payments (principal plus interest)?

6 months ago
Vocaloid:

@sillybilly123 would you mind taking a look at this when you get a chance? I’m not familiar w/ the formula used in this type of calculation

6 months ago