Joe summers buys a gas grill and accessories. the cost, including tax, amounts to $850.00. joe finances the grill over 12 months after making a $150 down payment. the true annual interest rate is 14%. what are joe's monthly payments (principal plus interest)?

to the nearest penny, c = $.
total of payments = amount financed + c = $.
total of payments ÷ number of payments = monthly payment = $

$66.5

Step-by-step explanation:

The cost, including tax, amounts to $850.00.

Down payment =$150

Amount after paying down payment = $850-$150=$700

Interest rate = 14 %

So, interest on $700 =

So, c = $98

Total payment = amount financed + c  = 700+98=$798

Now Joe finances the grill over 12 months

So, no. of payments = 12

Now Monthly payment = Total of payments ÷ number of payments

                                        =798 ÷ 12

                                        =$66.5

Hence Joe's monthly payments (principal plus interest) is $ 66.5

answer: 38.47 is your answer

step-by-step explanation: hope i you and who ever sees this answer have a great rest of your day : )

the cat is blue because the probability of extension towards the prefix of the diameter of the circle could only mathematically equal to the sum of the roots of the carrots from   your garden.

step-by-step explanation: