Find the total installment cost and the finance charge for an installment loan with these condition. Amount Financed Down Payment Cash Price Number of Payments Amount of Payment Total Installment cost Finance Charge $3000 $500 $3500 12 $275 $ $ The total installment cost $
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Given: Amount Financed = $3000 Down Payment = $500 Number of Payments = 12 Amount of Payment = $275 Total Installment Cost = Down Payment + (Amount of Payment x Number of Payments) Total Installment Cost = $500 + ($275 x 12) Total Installment Cost = $500 + Show more…
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