Hi-Decibels Auto Audio sells a stereo system for $200 down and monthly payments of

[Danny]

$90 for the next 5 years.? Hi-Decibels Auto Audio sells a stereo system for $200 down and monthly payments of $90 for the next 5 years. If the interest rate is 3.25% per month, find:

a) The cost of the stereo.
Answer = $

b) The total amount of interest paid.
Answer = $