Curtis Hindle purchased a mountain bike for $650.00 with 75% down. He will make 12 payments of $24.38 each. What is the total amount paid (including down payment) and finance charge in dollars?

Answer 1

0.75 * 650 + 12* 24.38 = 487.5 + 292.56 = 780.06
780.06 - 650 = 130.06