SOLUTION: You purchase a new laptop computer for $1,200. You put a 5% down payment and $55 per month on a 24 month purchase plan

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Question 1027576: You purchase a new laptop computer for $1,200. You put a 5% down payment and $55 per month on a 24 month purchase plan
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Not sure what you want, but if you put 5% down, that would be $60.
24 payments of $55 each is $1320.
Thus you paid $60 + $1320 = $1380 total, showing a finance charge of $180.