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

Explanation:

The cost of the mountain bike is $650.00 with 75% down payment. The down payment that he needs to produce is $487.50. He needs to pay an additional of 12 payments, $24.38 each. This will be added to the money that he needs to pay. The total amount paid is:

$24.38 * 12 payments + $487.50 = $780.06

Someone help find the finance charge!!!

Answer 2

650×0.75+24.38×12=780.06

The finance charge in dollars is

780.06−650=130.06

Explanation: