Solve the problem.
24) Joe is buying some kitchen equipment for his new apartment. The total cost is $1900 and he places
a down payment of $190. There is add-on interest of 4%. What is the total amount to be repaid if he takes 5 years to pay for the purchase?
B) $2052.00
C) $35,910.00
D) None of the above is correct.
A) $1778.40