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Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $)
Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Purchase (Cash) Price Down Payment Amount Financed Monthly Payment Number of Payments Finance Charge Total Deferred Payment Price $3,400 20% $3,400 X $248.00 12 $ 424.00 x $ 2,976 x
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