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Identify the equation that could be used below and choose the correct answer for c, the total of the payments, and the monthly payment. Carl Carpenter buys a drill press. The price, including tax, is $675.00. He finances the drill press over 24 months after making a $50 down payment. The true annual interest rate is 14%. What are Carl's monthly payments (principal plus interest)?
A. amount of intrest to the nearest penny c= $
B. total of payments = amount financed + c=$
C. total of payments / number of payments = monthly payment= $

Answer :

scme1702
C.
The total of the payments divided by the number of payments gives us the value of Carl's monthly payment.

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