QuestionA family bought a jet ski for \$7,500 with a 10% down payment. What are the monthly installments at 696 simple interest for 12 months? Options: \$578.50, \$586.75, \$596.25, \$601.00, None of these choices.
Studdy Solution
Calculate the monthly payment amount.
The family needs to pay $596.25 each month.
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