Answer:
Total amount paid for the Car=$24,832
Finance Charge=$2,382
Step-by-step explanation:
Down payment on the Car=$2800
Number of Monthly Installments=36
Amount Paid Per Installment=$612
Total Monthly Installment Paid=36*$612=$22032
Therefore, the Total Amount Paid for the Car=Down Payment+Total Installmental Payment=2800+22032=$24,832
Next, we determine the finance charge.
Finance Charge=Total Amount Paid for the Car - Delivered Price of the Car
=24832-22450
=$2,382
Therefore:
Total amount paid for the Car=$24,832
Finance Charge=$2,382
