a food processor for $149.50 cash, or $5.00 down and $10.00 per month for 15 months a television for $675.00 cash, or $52.00 down and $120.00 per month for 6 months a smartphone for $150.00 cash, or $25.00 down and $12.00 per month for 11 months bedroom furniture for $1,985.00 cash, or $400 down and $74.00 per month for 24 months a jacket for $75.00 cash, or $25.00 down and $4.75 per week for 11 weeks the smiths bought new furniture that cost $3,298.00. the store offered them an option of putting $600 down and making equal payments of $300 a month for 10 months. use the federal reserve system formula to find the apr the smiths will pay for taking this plan.