Raul and Josephine buy a plasma TV from Sparky’s Electronics on an installment plan (simple in

Question
Raul and Josephine buy a plasma TV from Sparky’s Electronics on an installment
plan (simple interest add on loan). They will pay the TV off in 3 years, paying
19.25% interest.
a. If the TV costs $1299.00, what will their monthly payments be?
b. If they make an $800 down payment up front, what will their payments be?
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