Follow the steps above and find c, the total of the payments, and the monthly payment. Choose the right answers.
Sally Seair buys a sallboat. The price, including tax, is $5,275.00. She finances the boat over 36 months after making a
$500 down payment. The true annual interest rate is 15%. What are Sally'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 = $