5. A new stove costs $46,000 if paid for cash. It can be purchased on a layaway plan
that requires a 20% deposit and 24 monthly payments of $1,800 per month.
(a). What is the deposit? (1 mark)
(b). What is the total instalments? (1 mark)
(c). What is the layaway price? (1 mark)
(d). What is the difference between the layaway and cash price? (1 mark)