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 charge?
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 =
What is .725 as a fraction
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?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!