Mathematics, 01.03.2021 20:20 sebcbal

Macon Steinberg purchased a motor scooter with an installment loan that has an APR of 16 percent. The motor scooter sells for $1,687. The store financing requires
a 20 percent down payment and 30 monthly payments. What is the finance
charge?

Macon Steinberg purchased a motor scooter with an installment loan that has an

APR of 16 percent.

Answers: 2

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Macon Steinberg purchased a motor scooter with an installment loan that has an APR of 16 percent. The motor scooter sells for $1,687. The store financing requires a 20 percent down payment and 30 monthly payments. What is the finance charge?

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Another question on Mathematics

Macon Steinberg purchased a motor scooter with an installment loan that has an APR of 16 percent. The motor scooter sells for $1,687. The store financing requires
a 20 percent down payment and 30 monthly payments. What is the finance
charge?