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Joseph bought a new stereo for $1,010. He paid a $95 down payment and financed the rest at an interest rate of 8.4% for 24 months. Find the total interest paid on the given amortized loan. (Do not round until the final answer. Then, round to the nearest cent.) A $124.22 B $112.20 C $88.21 D $82.20 Solution B $112.20.

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Joseph bought a new stereo for $1,010. He paid a $95 down payment and financed the rest at an interest rate of 8.4% for 24 months. Find the total interest paid on the given amortized loan. (Do not round until the final answer. Then, round to the nearest cent.) A $124.22 B $112.20 C $88.21 D $82.20 Solution B $112.20

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