-29 is 29 degrees away from 0 degrees.
31 is 31 degrees away from 0 degrees.
-29 (the temperature in Duluth) is closer to 0, because 29 is less than 31.
Finance charge is a fee that represents the cost of borrowing or credit.
In this equation, it shows the total amount paid through credit subtracted by the cost of vehicle.
let x be the finance charge
x = $4,100 + 36 months ($251.34/month) - <span>$11,578
</span>x = $4,100 + $9,048.24 - <span>$11,578 </span>
x = ($4,100 + $9,048.24) - $11,578
x = $13,148.24 - $11,578
x = $1,570.24.
The finance charge is $1,570.24
Figure
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Hope this helps
