Find the finance charge and total installment cost of the loan. Round to the nearest cent.
-Amount financed: $165
Down payment: $45
Cash price: $210
Number of payments: 6
Amount of payment: $28.59
A) $12.54; $261.54
B) $6.54; $216.54
C) $38.46; $216.54
D) $171.54; $261.54
Correct Answer:
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