Answer:
$148.75
Explanation:
A down payment is the same as a deposit when making purchases on credit. It is the portion of the price that a customer pays by cash when purchasing on credit.
A down payment of 25% means that this portion was paid cash. If Monica financed 25%, then the down-payment is equal to 25% since this is the amount Monica paid cash.
The amount that she financed is 25 percent of $595
=25 % x $595
=0.25 x $595
=$148.75
