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Savannah is buying a $1,200.00 Iphone 12 on an installment plan. She makes a down payment of $200.00. She makes monthly payments of $55.00 for 2 years. What is the total finance charge?
SHOW THE WORK PLEASE ​

Sagot :

Answer:

1.5789... is the interest rate

Step-by-step explanation:

200 down payment

1320. = 55 times 24 monrhs

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1520.00 total paid in 2 years

-1200. original price

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320. interest paid to finance company

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