Your purchase costs $4,900.25, including tax. You sign an installment loan to pay $1,200 as...

90.2K

Verified Solution

Question

Algebra

image

Your purchase costs $4,900.25, including tax. You sign an installment loan to pay $1,200 as a down payment. The remainder including the finance charge will be paid in 40 monthly installments of $102.58. What is the total amount repaid?O $5333.02O $5,303.20O $5,230.03O $5263.30

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students