You purchase a new laptop computer for $1,200. you put a 5% down payment and $55 per month on a 24 month purchase plan. what is the amount of the down payment?

$60 is the amount of the down payment.

Step-by-step explanation:

You purchase a new laptop computer for $1,200.00 and put a 5% down payment.

In this question we calculate the amount of the down payment :

= 5% of $1200

= × 1200

= 0.05 × 1200

= $60.00

The down payment of laptop computer is $60.00.

unpaid balance is : $149.99-$50 = $99.99 new balance = 149.99+2.62-50 = $102.61 finance charge = 99.99- 0.21/12= $1.75 new balance = 99.99+1.75 = $101.74 average daily balance method average daily balance= 3399.70/30 = $113.32 finance charge = $ 0.21/12ă—113.32 = $1.98 new balance = $149.99-50+1.98 = $101.97