Solve the Problem. -The Cash Price of a Dehumidifier Is $205. the Customer

question 40

Multiple Choice

Solve the problem.
-The cash price of a dehumidifier is $205. The customer paid $50 as a down payment. The remainder will be paid in 6 monthly installments of $26.86 each. Find the amount of the finance
Charge.

• A)$12.16
• B)$6.16
• C)$43.84
• D)$161.16

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Definitions:

Nutrition Facts

Information provided on food packaging that includes serving size, calories, and nutrient information to help consumers make informed choices.

Lanham Act

United States legislation that provides protection to trademarks and regulates unfair competition.

False Advertising

The act of misleading consumers through deceptive, incorrect, or misrepresented information in advertisements.

Installment Contract

Under the Uniform Commercial Code, a contract that requires or authorizes delivery in two or more separate lots to be accepted and paid for separately.