Question

Emma Weber purchased a bedroom set with an installment loan that has an APR of 12%. The bedroom set sells for $2,650. The store financing requires a 15% down payment and 42 monthly payments. What is the finance charge?

Answer 1

HELP!

Answer 2

@undeadknight26

Answer 3

@mathstudent55

Answer 4

O.o
I has no idea tbh

Answer 5

Might get more hits on Mathematics section.

Answer 6

@aryandecoolest

Answer 7

Down payment: 397.5 Payment every month 53.631 does this help with anything

Answer 8

i need the fiannace charge

Answer 9

@paki

Answer 10

i think there's a formula which goes like
\[\frac{ pr(1+r)^n }{ 1+r }\]