please check my answer thanks :)

Mark has a finance charge on a loan of $984.00 based on the information below what is the total deferred payment price.

price of loan is $4,200 Mark is going finance his purchase with a two-year installment plan with a 12% down payment and 24 equal payments of $195.00

I got 4,680 I am not to sure

1 answer

Yes. $4680 is correct.

Ask a New Question or answer this question.

Similar Questions

Liz finances a piano for $3,080 by taking out an installment loan for 60 months. The payments were $82.13 per month and the
1. 0 answers
Alice Dubois was charged $455 in finance charges on a loan for 15 months. Find the finance charge refund if she pays off the
1. 1 answer
Alice Dubois was charged $455 in finance charges on a loan for 15 months. Find the finance charge refund if she pays off the
1. 1 answer
A bank offers a 24-month installment loan with an APR of 10%. Alicia wishes to use the loan to finance a sailplane for $42,800.
1. 3 answers