Tyrone Brown is going to purchase a car on installment. His down payment is $1,575 with 36 payments of $327.80. The truck is priced at $12,000. What is the finance charge?
$1,375.80;
36 × $327.80 = $11,800.80; $11,800.80 + $1,575 = $13,375.80; $13,375.80 - $12,000 = $1,375.80
Business
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