Ramos Conner
06/09/2024 · High School

Solve the problem. Joe is buying some kitchen equipment for his new apartment. The total cost is \( \$ 1600 \) and he places a down payment of \( \$ 160 \). There is add-on interest of \( 6 \% \). What is the total amount to be repaid if he takes 4 years to pay for the purchase?

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Joe will repay a total of \( \$1785.60 \).

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