Solve the problem.
-The cash price of a electric typewriter is $270. The customer agreed to pay 25% of the price as a down payment. The remainder, plus a finance charge, will be paid in 12 monthly installments of $
24.56 each. Find the amount of the finance charge.
A) $294.72
B) $269.33
C) $24.97
D) $92.22
Correct Answer:
Verified
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