Calculate the Amount Financed, the Finance Charge, and the Total

question 3

Short Answer

Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loan, rounding dollars to the nearest cent: $$\begin{array} { l l l l l l l } \text { Purchase } & \text { Down } & \text { Amount } & \text { Monthly } & \text { Number of } & \text { Finance } & \text { Total Deferred } \\\text { Price } & \text { Payment } & \text { Financed } & \text { Payments } & \text { Payments } & \text { Charge } & \text { Pmt Price }\\\$1و200&120&&54.00&24&&\end{array}$$

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Definitions:

Cooperative

An organization owned and operated by its members for their mutual benefit, often emphasizing democratic decision-making.

Creativity

Creativity involves generating new and original ideas, approaches, or solutions, characterized by the ability to see things in novel ways and find unique solutions to problems.

Active Listening

The practice of fully concentrating, understanding, responding, and remembering what is being said in a conversation.

Respond To Feelings

Responding to feelings entails recognizing, understanding, and appropriately addressing one's own emotions or those of others in a compassionate and constructive manner.