Register

Tim Worker decided to purchase a new DVD player on an installment loan. The DVD player was $365.00. Tim agreed to pay $36.00 per month for 12 months. What is the finance charge …

Tim Worker decided to purchase a new DVD player on an installment loan. The DVD player was $365.00. Tim agreed to pay $36.00 per month for 12 months. What is the finance charge …
186k views
0 votes
Tim Worker decided to purchase a new DVD player on an installment loan. The DVD player was $365.00. Tim agreed to pay $36.00 per month for 12 months. What is the finance charge in dollars?

User JoshGough
by
8.1k points

2 Answers

2 votes
I think the answer is $432.00
User Bomin
by
8.4k points
4 votes
$36 x 12 = $432 total payment

$432 - $365 = $67 finance charge

User Illuminati
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!