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NeX [460]
3 years ago
15

ken and Marcy plan to have their kitchen remodeled at a cost of $6,000. the carpenter suggests they pay $600 down,followed by 18

monthly payments of $325. what is the finance charge for this payment schedule
Mathematics
1 answer:
Amiraneli [1.4K]3 years ago
7 0
6000 - 600 = 5400
18 x $325 = 5850
Difference is $450
325 x 7.692% = 450
Finance charge is 7.692%
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daser333 [38]

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The correct option is;

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$1,560 = 52×L + b.......................(2)

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$1,200 = 40×L + X =  40×$30 + b

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