K kellym Member Feb 11, 2009 #1 Stereo Inc. sells a stereo system for $200 down and monthly payments of $40 for the next 5 years. If the interest rate is 2.25% per month, find: a) The cost of the stereo. b) The total amount of interest paid.
Stereo Inc. sells a stereo system for $200 down and monthly payments of $40 for the next 5 years. If the interest rate is 2.25% per month, find: a) The cost of the stereo. b) The total amount of interest paid.