Carrie and Joseph Blox purchased a swimming pool for $5,200.00.
The down payment is 15%.
The installment loan has an APR of 10% for 24 months.
Using the chart below:
A. Find the amount of their down payment.
B. How much will they finance?
C. Write an equation for the monthly payment, and use the chart below to find it.
(make sure to show your work for this)
D. How much did Carrie and Joe pay for the swimming pool after 24 months, including all finance charges?
