Please help!! With step by step

Gary has decided to buy a new flat screen TV system for $4,700 and agreed to make monthly payments
for three years at 7% compounded monthly. How much is each payment? How much will he pay in
cumulative interest?

Step-by-step explanation:

Compound Interest

This is a well-know problem were we want to calculate the regular payment R needed to pay a principal P in n periods with a known rate of interest i.

The present value PV or the principal can be calculated with

Solving for R

Where Fa is computed by

We'll use the provided values but we need to convert them first to monthly payments

Thus, each payment is

honestly bro aint no one got time to answer these dumb question just do it p***y

step-by-step explanation:

10 you would take 50/ .2

step-by-step explanation: