Determine the total interest paid


John bought the new computer for $1,650. He paid the $160 down payment and financed the rest for one year at an interest rate of 7%. Determine the total interest paid on the given amortized loan assuming that John makes monthly payments

Please show me how to find the total interest; I did it and have the result is 57.10; but I do not know how to find it. Please help me to show all work and calculator Ti-84 plus.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Determine the total interest paid
Reference No:- TGS0875095

Expected delivery within 24 Hours