purchase price including taxes and fees 1429541 down payment
purchase price including taxes and fees: $14295.41; down payment: $2600; payments: $279.40 for 48months.
It is asking me to find the amount financed,the total installment price, and the finance charge
Solution
Amount financed = purchase price - down payment = $14295.41 - $2600 = $11695.41
Total installment price = payments x 48 + down payment = $ 13411.2+ $2600 = $16011.2
Finance charges = Total installment price - Amount financed = $ 16011.2 -$11695.41
= $4315.79

