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8 June, 08:49

Pam purchased a new laptop, which was advertised for $750. She bought it on the installment plan by paying $50 at the time of purchase and agreeing to pay the balance plus 18% simple interest on balance in 24 monthly payments

a. how much is the finance charge

b. how much will each payment be

c. how much is the monthly payment

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  1. 8 June, 09:15
    0
    A. financial charge:750x18%x2 (years) + 50

    =$320
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