document.write( "Question 117076: james wants to buy a camper. he must finance 17000, he will have to make 36 monthly payments of 500. what finance charge will he pay? \n" ); document.write( "
Algebra.Com's Answer #85141 by bucky(2189)![]() ![]() ![]() You can put this solution on YOUR website! If James pays $500 per month for 36 months, he will pay a total of $18,000 for the camper because \n" ); document.write( "$500 times 36 equals $18,000. \n" ); document.write( ". \n" ); document.write( "Since the cost of the camper is $17,000, that means that the difference between $17,000 and \n" ); document.write( "$18,000 is the finance charge ... the extra money that is charged because James paid for \n" ); document.write( "the camper over a period of 36 months. Therefore, the finance charge is $18,000 - $17,000 = $1,000. \n" ); document.write( ". \n" ); document.write( "This is the answer to the problem ... James pays $1,000 in finance charges. \n" ); document.write( ". \n" ); document.write( "Hope this helps you to understand the problem. \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( " |