SOLUTION: Jenni bought an 860 home entertainment system. She made a $120 down payment and 9 monthly installment payments of $89. How much finance charge did Jenni pay?

SOLUTION: Jenni bought an 860 home entertainment system. She made a $120 down payment and 9 monthly installment payments of $89. How much finance charge did Jenni pay?

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Question 702854: Jenni bought an 860 home entertainment system. She made a $120 down payment and 9 monthly installment payments of $89. How much finance charge did Jenni pay?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

$740 was the amount due without the interest
After the down payment, she paid

She paid $61 in interest

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