SOLUTION: The cost of a new refrigerator is $895. You make a down payment of 150 and pay the rest with an installment loan you will have to pay $50 per month for 18 months
What is the amoun
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: The cost of a new refrigerator is $895. You make a down payment of 150 and pay the rest with an installment loan you will have to pay $50 per month for 18 months
What is the amoun
Log On
Question 1145740: The cost of a new refrigerator is $895. You make a down payment of 150 and pay the rest with an installment loan you will have to pay $50 per month for 18 months
What is the amount financed?
Find the total installment price.
Find the finance charge. Answer by Theo(13342) (Show Source):
You can put this solution on YOUR website! the refrigerator costs 895.
you make a down payment of 150.
895 - 150 = 745
you finance 745 dollars.
you pay 50 dollars a month for 18 months.
the total installment charge is 18 * 50 = 900 dollars.
the total finance charge is 900 - 745 = 155 dollars.
