Question: Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $)

Note: Round all answers to the nearest cent when necessary.

Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan.

Purchase (Cash) Price Down Payment Amount Financed Monthly Payment Number of Payments Finance Charge Total Deferred Payment Price
$3,200 20% $ 2560 $234.00 12 $ 248 $

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