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) About Me  (Show Source):
You can put this solution on YOUR website!
+860+-+120+=+740+
$740 was the amount due without the interest
After the down payment, she paid +9%2A89+=+801+
+801+-+740+=+61+
She paid $61 in interest