Choose the correct answers for amount financed and the finance charge in dollars for the following problem.
Curtis Hindle purchased a mountain bike for $650.00 with 75% down. He will make 12 payments of $24.38 each. What is the total amount paid (including down payment) and finance charge in dollars?
The total paid (including down payment) is $.
a. 780.06
b. 749.62
c. 751.62
The finance charge in dollars is $.
a. 130.06
b. 110.06
c. 120.06
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