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The price of a stainless steel, freezer refrigerator is $3,201.47. To own the refrigerator, you must make beginning-of-month payments of $33.50 and one final lump-sum

The price of a stainless steel, freezer refrigerator is

$3,201.47.

To own the refrigerator, you must make beginning-of-month payments of

$33.50

and one final lump-sum payment at the very end of the term in order to pay off the balance outstanding. The manufacturer offers a 60-month term at a rate of

6.2%

APR. What is the buyout at the end of the term?

The buyout at the end of the term is

$nothing.

(Round to the nearest cent as needed.)

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