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Sammy wants to buy a new mattress priced at $419. He enters into an agreement to pay $26 a month for 24 months. How much will the finance charge be for this purchase?
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Sammy wants to buy a new mattress priced at $419. He enters into an agreement to pay $26 a month for 24 months. How much will the finance charge be for this purchase?

User Bentesha
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If Sammy pays a monthly installment of $ 27 for 24 months, then the total amount paid by Sammy is 24 * $ 27 = $ 648. Now, since the
User Jeveloper
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