I am 18 years old. I attend the local vocational-technical school. My area of study is commercial
heating and cooling. My school tuition is relatively low and I will complete my program of study
in nine months. I can pay most of my expenses by working full-time in the summer and part-
time during the school year. I am still living at home, and I plan to get an apartment of my own
next year. I am an avid sports fan. I have a little 12-inch television. I'd like to use my credit card
to buy a flat screen 65-inch television set at a cost of $1 ,300.
Calculate the amount of the monthly payment on the loan:
it is necessary to find a job with a monthly income much more2 25.73