A furniture set costs $960 and is financed over 8 equal monthly payments with $96 total interest. What is each payment?
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Correct answer to question 199 (Arithmetic Reasoning): $132
Method
Add the interest to the price to find the total owed: 960 + 96 = $1,056. Dividing by the 8 payments gives 1,056 divided by 8, or $132 per month.
Updated: November 2026
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