human
Aaron wants to purchase a guitar under a payment plan of $100.00 per month for 12 months. His father has agreed to lend him the entire amount for the guitar, plus a one-time 10% interest fee for the entire loan. With interest, how much money will Aaron owe his dad?
assistant
How much does the guitar cost? ** The guitar costs $100 every month for 12 months so it costs 100*12 = $<<100*12=1200>>1200
How much is the interest? ** His dad is charging him 10% interest on the $1200 so interest comes to .10*1200 = $<<1200*.10=120.00>>120.00
How much will Aaron owe his father? ** All total, Aaron will owe his father the price of the guitar, $1200 and the interest, $120 so 1200+120 = $<<1200+120=1320.00>>1,320.00
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