Ruben wants to be professional photographer and is saving up to buy a new camera priced at $2,900. After searching for the best
credit
plan, he chooses an installment plan that requires a 15% down payment and monthly payments of $250 for 12 months.
Ruben will need to pay
for the down payment. He will pay
in finance charges.
1 answer:
Answer: Down payment = 435
Finance charge = 535
Step-by-step explanation:
Down payment = 15% of 2900 = 435
Finance charge = {(250x12) +435}- 2900
=
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