Spencer Furness purchased kitchen appliances for $2,419. He makes a down payment of $520 and agrees to 17 monthly payments of $115.36 per month. Find the total finance charge. Q…

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John LaFleur · Answer 1 · 2021-03-27T00:35:44+0000

Answer:

$62.12

Step-by-step explanation:

The total amount that Furness pays is ...

$520 + 17 × $115.36 = $2481.12

This exceeds the nominal cost of the appliances by ...

$2481.12 -2419 = $62.12

The total finance charge is $62.12.