Register

Gary is buying a $1,250 electric stove on an installment plan. He makes a down payment of $350. He has to make monthly payments of $78.25 for 1½ years. What is the total finance …

Gary is buying a $1,250 electric stove on an installment plan. He makes a down payment of $350. He has to make monthly payments of $78.25 for 1½ years. What is the total finance …
90.3k views
3 votes
Gary is buying a $1,250 electric stove on an installment plan. He makes a down payment of $350. He has to make monthly payments of $78.25 for 1½ years. What is the total finance charge?

User Sam Krygsheld
by
8.2k points

1 Answer

1 vote
Monthly payment x months

78.25(18) = 1408.50

Add down payment


1408.5+350 = 1785.5

The financial change is:

1785.5-1,250 = 535.50
User BabaBooey
by
7.5k 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

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!