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Danielle Davidson wants to buy a beautiful ring from Thompson Jewelers. The selling price of the ring is $3,800. Thompson Jewelers will finance the ring

Danielle Davidson wants to buy a beautiful ring from Thompson Jewelers. The selling price of the ring is $3,800. Thompson Jewelers will finance the ring if Danielle will put down 20% of the cost. The terms of the loan will be 12% for 24 months.

1) What is the down payment?

2) What is the amount financed?

3) What is the monthly payment?

4) What is the total finance charge?

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