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14) Complete.
Purchase Price: $225.75
Finance Charge:
Down Payment: $25
Number of Payments: 12
Monthly Payment: $22.50
O a.) $68.50
Ob.) $65.55
Oc.) $59.35
Od.) $69.25

Respuesta :

abiolataiwo2015

Finance charge is: d.) $69.25.

Finance charge

Using this formula

Finance charge=(Monthly payment× Number of payment)-(Purchase price-Down payment)

Let plug in the formula

Finance charge=($22.50×12)-($225.75-$25)

Finance charge=$270-$200.75

Finance charge=$69.25

Therefore the Finance charge is: d.) $69.25.

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