Question: 1)Jorge purchasing an item on credit with these terms: Down Payment $150 Monthly Payment $37 Length of Loan (months) 60 Interest Rate 7.42% What is

1)Jorge purchasing an item on credit with these terms: Down Payment $150 Monthly Payment $37 Length of Loan (months) 60 Interest Rate 7.42% What is the total cost of the item?

2)Sasha is looking to buy a computer. She can pay $799 cash or finance it with these terms: Down Payment $50 Monthly Payment $35 Length of Loan (months) 24 How much more will the total finance amount be than the cash prices?

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