Question

Find B.

Cost of car - $14.890
Down payment- $2,800
Amount Financed- $12,090
Monthly Payment- $271.02
# Months- 60
Amount Repaid- B
Finance Charge- C
Total Cost - D
Answers:
A) $12,090
B) $19,061.20
C) $16,261.20
D) $4,181.20

Answer 1

Amount repaid
271.02×60=16,261.2
So option c is the answer