Mathematics, 24.02.2021 14:30 Pige0n

Rashid wants to buy a guitar. The guitar he wants costs $1240. He can't pay this in a lump sum, but he can pay by monthly installments. He agrees to pay a deposit of 5% of the cost price and then 12 monthly installments of $110 every month. Work out how much Rashid will pay for the guitar when he pays by monthly installments.

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Rashid wants to buy a guitar. The guitar he wants costs $1240. He can't pay this in a lump sum, but...

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