10 formula 5 points emma wants to purchase a new bed set from costco. the purchase price of the bed set is…

10 formula 5 points emma wants to purchase a new bed set from costco. the purchase price of the bed set is $1,904.99. she is required to make $10 monthly payments with the balance due at the end of 1 year(s). what will be the amount of the final payment? round to the nearest cent. answer

10 formula 5 points emma wants to purchase a new bed set from costco. the purchase price of the bed set is $1,904.99. she is required to make $10 monthly payments with the balance due at the end of 1 year(s). what will be the amount of the final payment? round to the nearest cent. answer

Answer

Explanation:

Step1: Calculate total monthly payments

There are 12 months in a year and the monthly payment is $10. So the total of monthly payments is $10\times12$. $10\times12 = 120$

Step2: Calculate final payment

Subtract the total of monthly payments from the purchase - price of the bed set. $1904.99−120=1784.99$

Answer:

$1784.99$