Sammy wants to buy a new mattress priced at $419. He enters into an agreement to pay $26 a month for 24 months. How much will the finance charge be for this purchase?

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asked Dec 24, 2021 17.5k views

1 Answer

Jeveloper · Answer 1 · 2021-12-30T17:05:26+0000

If Sammy pays a monthly installment of $ 27 for 24 months, then the total amount paid by Sammy is 24 * $ 27 = $ 648. Now, since the