Find-the-monthly-interest-rate-homework-help-

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1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

Find the installment price of a table bought on the installment plan with a down payment of \$30 and 6 payments of \$51.12.

2. Find the monthly interest rate.

What is the monthly interest rate if an annual rate is 17.5%?

Solve the problem.

3. Find the amount financed on a TV with a cash price \$430.00 and a down payment of \$86.00.

Solve the problem.

4. Find the amount financed if a \$25 down payment is made on a camera with a cash price of \$260

Solve the problem.

5. Find the installment price of a laptop computer bought on the installment plan with \$90 down and 36 payments of \$33.05.

Solve the problem.

6. A mountain bike has a cash price of \$690.00. Eric purchases the bike by making a down payment of \$69.00 and 24 payments of \$38.74. Find the finance charge.

Solve the problem.

7. The installment price of a watch is \$310.74 with 6 monthly payments and a down payment of \$30. Find the monthly payment.

Solve the problem.

8. The installment price of a food processor is \$379.48 with 18 monthly payments and a down payment of \$40. Find the monthly payment.