The monthly payment for the patio furniture will be $66.23
Cost of the patio furniture = $935
Since there's a 15% down payment, then the amount that the buyer will pay will be:
= 15% × $935
= 0.15 × $935
= $140.25
Therefore, the amount that is left to pay will be:
= $935 - $140.25
= $794.75
Since the balance will be paid for 12 months, the monthly payment will be:
= $794.75 / 12
= $66.23
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