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Ed Sloan bought a new Explorer for $22,000. He put down $7,000 and paid $290 for 60 months. The total finance charge to Ed is:

Ed Sloan bought a new Explorer for $22,000. He put down $7,000 and paid $290 for 60 months. The total finance charge to Ed is:
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Ed Sloan bought a new Explorer for $22,000. He put down $7,000 and paid $290 for 60 months. The total finance charge to Ed is:

asked
User Xathien
by
8.2k points

1 Answer

3 votes
(7,000+290×60)−22,000
=2,400
answered
User Kunal Shah
by
9.1k points
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