dejesusazeneth221
Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Savannah is buying a $1,200.00 Iphone 12 on an installment plan. She makes a down payment of $200.00. She makes monthly payments of $55.00 for 2 years. What is the total finance charge?
SHOW THE WORK PLEASE ​

Sagot :

Answer:

1.5789... is the interest rate

Step-by-step explanation:

200 down payment

1320. = 55 times 24 monrhs

----------

1520.00 total paid in 2 years

-1200. original price

---------

320. interest paid to finance company

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.