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Solve the Problem. -An Item Is Purchased for $800 with a Down Payment

Question 237

Multiple Choice

Solve the problem.
-An item is purchased for $800 with a down payment of $50. There is a finance charge of $30. Find the monthly payment if 10 payments are made.


A) $75
B) $83
C) $78
D) None of the above is correct.

Correct Answer:

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