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mckinneyk
mckinneyk mckinneyk
  • 20-01-2017
  • Business
Answered

Steve Mason purchased a storage shed for $3,074. He made a 40% down payment and financed the rest. What amount did he finance?

Verified Answer :

taskmasters
taskmasters taskmasters
  • 01-02-2017

From the situation above, after Steve Mason made a 40% down payment for the purchased storage shed, he will only need to finance 60% of the price which is the remaining amount. 
                   financed amount = (0.60)($3,074)
The answer to the question above is $1844.4.

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