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Cathy is purchasing a DVD player and a TV at the local electronic store. The DVD player costs
$49.36, and the TV costs $705.20. If she plans to pay for them in 12 equal payments, then what is her
monthly cost?

Sagot :

The monthly cost will be $62.88 if Cathy is purchasing a DVD player and tv at the local electronic store. The DVD player costs $49.36 and the tv cost $705.20.

What is debt?

It is defined as the amount one party needs to pay to another party as the first party borrowed an amount that will be credited by the second party. Debt occurs when one party cannot be able to purchase something under normal circumstances.

We know the formula for the monthly payment:

It is given that:

Cathy is purchasing a DVD player and tv at the local electronic store.

The DVD player costs $49.36 and the tv cost $705.20.

If she plans for them in 12 equal payments,

Total cost(combining the cost of the DVD player and TV cost):

= $49.36 + $705.20

= $754.56

Per month payment = $754.56/12

Per month payment = $62.88

Thus, the monthly cost will be $62.88 if Cathy is purchasing a DVD player and tv at the local electronic store. The DVD player costs $49.36 and the tv cost $705.20.

Learn more about the debt here: brainly.com/question/17286021

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