9514 1404 393
Answer:
down: $436.50
payment total: $2,908.08
total paid: $3,344.58
finance charge: $434.58
Explanation:
A) The down payment is 15% of the cost, so is ...
0.15 × $2910 = $436.50
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B) The total of the 18 monthly payments of $161.56 each is ...
18 × $161.56 = $2908.08
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C) The total amount paid for the car is the sum of the down payment and the monthly payments:
$436.50 +2,908.08 = $3,344.58
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D) The finance charge is the difference between the amount paid and the original cost of the car:
$3,344.58 -2,910 = $434.58