Fay and James purchased a living room set on installment with a 325 down payment and an installment price of 3,257. If Fay and James paid 36 equal installments, how much was each payment?
A) 90.47
B) 81.44
C) 77.49
D) 73.47
Question 2
Mr. Sanchez bought a tool set for 12 monthly payments of 45.78 each and a total finance charge of 62.89 He paid the tool set off 4 months early. What is the final payment?
A) 222.53
B) 243.50
C) 251.56
D) 377.34