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

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 i

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