# SOLUTION: Model: Subcompact Cash price: \$4,990 Down payment: \$1,500 Number of payments: 36 Monthly payment: \$109.94 Finance charge: __________

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: Model: Subcompact Cash price: \$4,990 Down payment: \$1,500 Number of payments: 36 Monthly payment: \$109.94 Finance charge: __________      Log On

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 Word Problems: Money, Business and Interest Solvers Lessons Answers archive Quiz In Depth

 Question 519308: Model: Subcompact Cash price: \$4,990 Down payment: \$1,500 Number of payments: 36 Monthly payment: \$109.94 Finance charge: __________Answer by tracyc0912(40)   (Show Source): You can put this solution on YOUR website!Cash price \$4990 - down payment \$1500= \$3490 (Amount financed) Monthly payment = \$109.94 x 36 months = \$3957.84 (total payback with interest) Total Payback with interest \$3957.84 - \$3490 (Amount Financed) = Total Finance charge which is \$467.84 Good luck:-)