The breakdown of the payment made for the installment plan for the purchase made is :
- Down payment = $396
- Total monthly payment = $1932
- Tital cost of installment plan = $2328
- Finabce charge = $348
<u>Given the Parameters</u>.
- Original cost = $1980
- Down payment = 20% of original costs
- Monthly installment = $161
- Number of installment payments made = 12
1.) <u>The down payment</u> :
Percentage × original cost
20% × $1980 = $396
2.) Total monthly payments made :
Number of payments × amount per installment
12 × $161 = $1932
3.) <u>Total cost of installment plan</u> :
Total monthly payments + down payment
$(1932 + 396) = $2328
4.) <u>Finance charge</u> :
Installment plan - Original cost
$2328 - $1980 = $348
Learn more :brainly.com/question/18796573
The shapes that are under the trapezoid in the quadrilateral hierarchy are parallelogram and isosceles trapezoid.
<h3>What is a
quadrilateral?</h3>
A quadrilateral is a polygon that has four sides and four angles. Types of quadrilateral are<em> kite, square, parallelogram</em> and so on.
The shapes that are under the trapezoid in the quadrilateral hierarchy are parallelogram and isosceles trapezoid.
Find out more on quadrilateral at: brainly.com/question/23935806
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