Chuck Widle bought a Jeep for a cash price of $24,900. He made a 15.5% down payment and financed the balance with payments of $395.47 per month for 60 months. What was the amount of the finance charge on this loan?

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The Answer of Chuck Widle bought a Jeep for a cash price of $24,900. He made a 15.5% down payment and financed the balance with payments of $395.47 per month for 60 months. What was the amount of the finance charge on this loan?

Chuck Widle Bought a Jeep for a Cash Price of $24,900