Blake Bolton
12/04/2023 · Junior High School
The Giordanos buy \( \$ 8800 \) worth of furniture for their new home. They pay \( \$ 2000 \) down. The store charges \( 8 \% \) add-on interest. The Giordanos will pay off the furniture in \( 18 \) monthly payments ( \( 1 \frac { 1 } { 2 } \) years). Find the monthly payment. The monthly payment is \( \$ \) ___(Do not round until the final answer. Then round to the nearest cent as needed.)
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$ 612
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