find the monthly payment on a large tv with an installment price of $974.48, 12 monthly payments, and a down…

find the monthly payment on a large tv with an installment price of $974.48, 12 monthly payments, and a down - payment of $50. the monthly payment is $ (round to the nearest cent as needed.)

find the monthly payment on a large tv with an installment price of $974.48, 12 monthly payments, and a down - payment of $50. the monthly payment is $ (round to the nearest cent as needed.)

Answer

Explanation:

Step1: Calculate amount to be paid in installments

Subtract down - payment from installment price. $974.48 - 50=924.48$

Step2: Calculate monthly payment

Divide amount to be paid in installments by number of months. $\frac{924.48}{12}=77.04$

Answer:

$77.04$