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need help in this math question, thank you (c) An item is purchased at $250,000, and a down payment of $50,000 is needed. You finance

image text in transcribedneed help in this math question, thank you

(c) An item is purchased at $250,000, and a down payment of $50,000 is needed. You finance for the reminding balance and need to make a payment for 60 months with an amount of $4,103.3 each month. (i) What is the total installment price (1 mark)? Show your steps for the calculation (2 marks). (ii) What is the finance charge (1 mark)? Show your steps for the calculation (2 marks)

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