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

question 50

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: $$\begin{array} { l l l l l l l } \text { Purchase } & \text { Down } & \text { Amount } & \text { Monthly } & \text { Number of } & \text { Finance } & \text { Total Deferred } \\\text { Price } & \text { Payment } & \text { Financed } & \text { Payments } & \text { Payments } & \text { Charge } & \text { Pmt Price } \\\$ 3,600 & 10 \% & & 212.40&18&& &\end{array}$$

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