Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loan, rounding dollars to the nearest cent: $$\begin{array} { l l l l l l l }
\text { Purchase } & \text { Down } & \text { Amount } & \text { Monthly } & \text { Number of } & \text { Finance } & \text { Total Deferred } \
\text { Price } & \text { Payment } & \text { Financed } & \text { Payments } & \underline { \text { Payments } } & \text { Charge } & \text { Pmt Price } \
\$ 8,500 & 20 \% & &273.89 & 36&&
\end{array}$$

Question

Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loan, rounding dollars to the nearest cent: $$\begin{array} { l l l l l l l } 
\text { Purchase } & \text { Down } & \text { Amount } & \text { Monthly } & \text { Number of } & \text { Finance } & \text { Total Deferred } \
\text { Price } & \text { Payment } & \text { Financed } & \text { Payments } & \underline { \text { Payments } } & \text { Charge } & \text { Pmt Price } \
\$ 8,500 & 20 \% & &273.89 & 36&&
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loan, rounding dollars to the nearest cent: $$\begin{array} { l l l l l l l } 
\text { Purchase } & \text { Down } & \text { Amount } & \text { Monthly } & \text { Number of } & \text { Finance } & \text { Total Deferred } \
\text { Price } & \text { Payment } & \text { Financed } & \text { Payments } & \underline { \text { Payments } } & \text { Charge } & \text { Pmt Price } \
\$ 8,500 & 20 \% & &273.89 & 36&&
\end{array}$$

Calculate the Amount Financed, the Finance Charge, and the Total