Solve the problem.
-The cash price of a dinette set is $430. The customer paid $30 as a down payment. The remainder will be paid in 18 monthly installments of $25.14 each. Find the amount of the finance charge.

Question

Quizplus · Accepted Answer

The total amount paid through installments is $25.14 * 18 = $452.52. Adding the down payment of $30, the total amount paid is $482.52. Subtracting the cash price of $430 from this gives a finance charge of $52.52.

Solve the Problem. -The Cash Price of a Dinette Set Is $430. the Is