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Pete Peters read the following partial advertisement: Price $20,900; down payment $1,000; $390.85 per month for 60 months. 1) What is the amount financed? 2)

Pete Peters read the following partial advertisement: Price $20,900; down payment $1,000; $390.85 per month for 60 months.

1) What is the amount financed?

2) What is the total finance charge?

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