Solve the Problem. -An Item Is Purchased for $2000 with a Down Payment

question 171

Multiple Choice

Solve the problem.
-An item is purchased for $2000 with a down payment of $500. There is a finance charge of $100. Find the monthly payment if 24 payments are made.

• A)$87.50
• B)$62.50
• C)$66.67
• D)None of the above is correct.

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Definitions:

National War Labor Board

A government agency established during World War I and again during World War II to mediate labor disputes and prevent strikes that could disrupt production in wartime industries.

U.S. Labor Relations

The relationship between workers and employers in the United States, governed by laws and regulations pertaining to collective bargaining, workers' rights, and dispute resolution.

Knights of Labor

A significant labor organization in the late 19th century United States, known for advocating a broad spectrum of reforms to improve the conditions of workers.

Primary Goals

Fundamental objectives or targets that an individual, group, or organization aims to achieve.