You need to purchase a camera and lenses for your photography class. There is a special promotion for students in which you can purchase an $\$ 1020$ complete camera set by making monthly payments for 18 months at $0 \%$ interest. You are required to make a $10 \%$ down payment, with the balance to be paid in 18 equal monthly payments.
What are the monthly payments?
Answer
Final Answer: The monthly payments are \(\boxed{51}\) dollars.
Step 1 ：The total cost of the camera set is $1020.
Step 2 ：The down payment is 10% of the total cost, which is \(10\% \times 1020 = \$102\).
Step 3 ：After the down payment, the remaining balance is \(1020 - 102 = \$918\).
Step 4 ：This remaining balance is to be paid in 18 equal monthly payments, so each payment is \(\frac{918}{18} = \$51\).
Step 5 ：Final Answer: The monthly payments are \(\boxed{51}\) dollars.
