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gary is buying a $1,250 computer on the installment plan.he made a $450 down payment, and he has to make month?

gary is buying a $1,250 computer on the installment plan.he made a $450 down payment, and he has to make monthly payments of $48.25 for 2 1/2 years. what is the finance charge?

this is for my financial algebra class. can you please help me step by step so I can understand it better. please and thank you!

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  • 8 years ago
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    1250 - 450 = 800

    48.25(30) = 1447.50

    1447.50 - 800 = $647.50 finance charge

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