Royall Company purchased a delivery truck at $25,000 plus 8% sales taxes. Royall paid $3,000...
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Royall Company purchased a delivery truck at $25,000 plus 8% sales taxes. Royall paid $3,000 in cash and financed the rest at 6% requiring 40 equal monthly payments at the end of each month. Compute the amount of the monthly payment that Royall must pay. Example of Answer: 4000 (No comma, space, decimal point, or \$ sign) Round amounts: 2.31=2;2.65=3 Answer: 570
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Royall Company purchased a delivery truck at $25,000 plus 8% sales taxes. Royall paid $3,000 in cash and financed the rest at 6% requiring 40 equal monthly payments at the end of each month. Compute the amount of the monthly payment that Royall must pay. Example of Answer: 4000 (No comma, space, decimal point, or \$ sign) Round amounts: 2.31=2;2.65=3 Answer: 570 