Jean bought a $\$ 1,980$ snow thrower on the installment plan. The installment agreement included a 10$\%$ down payment and 18 monthly payments of $\$ 116$ each. a. How much is the down payment? b. What is the total amount of the monthly payments? c. How much did Jean pay for the snow thrower on the installment plan? d. What is the fi nance charge?
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The down payment is 10% of the total price of the snow thrower. \[ \text{Down payment} = 0.10 \times 1980 = 198 \] Show more…
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