SOLUTION: Bought a new delivery truck for $18,000 with a down payment of $4,000; paid $270 monthly for 60 months. The total finance charge is

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Question 868131: Bought a new delivery truck for $18,000 with a down payment of $4,000; paid $270 monthly for 60 months. The total finance charge is
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
Amount financed was 18000-4000=14000 dollars.

Total of payment increments was 270%2A60=16200 dollars.
Finance charge total was 16200-14000=2200 dollars.