Randa Hessell: The 30% is the down payment. .30 x $6890 = ?Amount financed is 100% minus 30% = 70% .70 x $6890 = ?Finance charge is 12% per year .12 x the financed amount is what? then times 4 years is what?Divide that by 48 that is the monthly financed payment for interest. So you also must add on the amount financed and divide by 48, then add that to the monthly interest....Show more
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