Question

Curtis hindle purchased a mountain bike for $650.00 with 75% down. he will make 12 payments of $24.38 each. what is the total amount paid (including down payment and finance charge in dollars?thetotal paid (including down payment is?

Answer 1

1) Down payment

$650 * 75% = $650 * 0.75 = $487.50

2) 12 payments of $24.38 each

$24.38 * 12 = $292.56

3) Total paid

total paid = down payment + 12 payments = $ 487.50 + $ 292.56 = $ 780.06

Answer: $ 780.06