6. Compute the total amount of installment payments and installment price.

Down Payment: $350

Number of Payments: 10

Installment Payments: $52.00

Amount of Installment Payment: ____________________

Installment Price: _________________

7. Find the installment price and the finance charge.

Retail Price: $1,400.00

Down Payment: $350.00

Monthly Installment: $68.00

Term: 24 months

Installment Price: ___________________

Finance Charge: ____________________

8. Calculate the interest rate.

Finance Charge: $525

Length of Loan: 2 years

Time Left on Loan: 10 months

Interest Rebate: ___________________

9. Determine the final payment:

Length of Loan: 12 months

Amount of Payments: $67.30

Interest Charged: $110.70

Time Left on Loan: 6 months

Final Payment: ____________________

10. Shawn is interested in purchasing a new computer system for $1,650.00 and would like to apply s down payment of 20%. Calculate the down payment amount.