Installment Loan Examples

Diana purchased a sofa on an installment plan with a down payment of $100 and 6 monthly payments of $36.55. Find the installment price.

• $210.30

• $319.30

• $309.30

• $100.00

The installment price of a desktop computer was $1,220 for a 12 month loan. If a $320 down payment was made, find the installment payment.

• $75

• $900

• $320

• $12

Montel bought a new dishwasher on an installment plan. He made a down payment of $100. The installment price for a 5 month loan was $412.50. What was the installment payment?

• $100

• $412.50

• $35.

• $62.50

Kaya bought a laptop on an installment plan with a $60 down payment and 12 payments of $45.58. Find the installment price of the laptop.

• $45.58

• $546.96

• $606.96

• $60

Francisco purchased a used motorcycle on an installment plan with a down payment of $500 and 12 monthly payments of $165.50 Find the installment price.

• $1,986

• $2,486

• $2,468

• $1,698

Douglas purchased a scooter on an installment plan with a down payment of $100 and 6 monthly payments of $165.50 Find the installment price.

• $1,093

• $993

• $1,903

• $1,993

The installment price of entertainment center was $1,220 for a 12 month loan. If a $220 down payment was made, find the installment payment.

• $183.33

• $83.33

• $220

• $1,220

A scuba diver's wetsuit cost $1,750 on an installment plan. You must make a down payment of $250 and make payments for 15 months. What will be your monthly payments?

• $250

• $750

• $100

• $300

A watch costs $550 on an installment plan. You pay $250 down and the balance in 6 monthly installment. How much are the installment payments?

• $75

• $200

• $50

• $1,300

The installment price of a table set was $1,720 for a 6 month loan. If a $520 down payment was made, find the installment payment.

• $2,720

• $520

• $100

• $200