Question

2

1 point
Shauna buys a full golf club set for $1,145.87 on a 6 month installment plan. If her monthly
payments are $245.82. How much is the finance charge?

Answer 1

Answer: $329.05

Explanation:

Since she pays $245.82 monthly and she is paying for 6 months, the amount paid will be:

= $245.82 × 6

= $1474.92

Since she buys the full golf club set for $1,145.87, then her finance charge will be:

= $1474.92 - $1,145.87

= $329.05

The finance charge is $329.05