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(Total Costs and Debt Payoff LC) A renter purchased a kitchen table from a discount furniture store for $525, after a $125 down payment, and makes 12 monthly payments of $48.75. What is the total cost of the kitchen table? $573.75 $585.00 $588.00 $710.00
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Answer: D. $710.00 Step-by-step explanation: total cost = down payment + total amount of monthly payments total cost = $125 + 12 × $48.75 total cost = $125 + $585 total cost = $710
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