Chapter 13.2, Problem 1E

Round all monetary answers to the nearest cent unless directed otherwise. Assume that, unless otherwise known, there are 12 months per year, 30 days per month, and 365 days per year. Financing an Appliance Purchase Neema bought appliances costing $3795 at a store charging 6% add-on interest. She made a $1000 down payment and agreed to monthly payments over two years.

Find the total amount to be financed.