Identify the equation that could be used below and choose the correct answer for c, the total of the payments, and the monthly payment. carl carpenter buys a drill press. the price, including tax, is $675.00. he finances the drill press over 24 months after making a $50 down payment. the true annual interest rate is 14%. what are carl's monthly payments (principal plus interest)?
a. amount of intrest to the nearest penny c= $
b. total of payments = amount financed + c=$
c. total of payments / number of payments = monthly payment= $