Solve the Problem. -An Item Is Purchased for $5200 with a Down Payment

question 23

Multiple Choice

Solve the problem.
-An item is purchased for $5200 with a down payment of $1000. There is a finance charge of $1100. Find the monthly payment if 36 payments are made.

• A)$115.67
• B)$175
• C)$147.22
• D)None of the above is correct.

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Definitions:

Coaching

is a developmental process where an experienced individual, known as a coach, supports a learner or client in achieving a specific personal or professional goal through guidance and encouragement.

Job Adjustment

The process by which individuals adapt to their work environment, often involving changes in role, responsibilities, or attitude towards the job.

Developing

The process of growth, progress, or improvement in skills, knowledge, or capabilities.

Job Adjustment

The process of adapting or accommodating to the requirements and conditions of a specific job or workplace environment.