Find the finance charge and total installment cost of the loan. Round to the nearest cent.
-Amount financed: $1,114.99
Down payment: $95
Cash price: $1,209.99
Number of payments: 36
Amount of payment: $39.20
A) $201.21; $1,506.20
B) $1,411.20; $1,601.20
C) $292.61; $1,601.20
D) $296.21; $1,506.20
Correct Answer:
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