Curtis purchased a mountain bike for $650.00 with 75% down. He will make 12 payments of $24.38

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Curtis purchased a mountain bike for $650.00 with 75% down. He will make 12 payments of $24.38 each.

1. What is the total amount paid (including the down payment)?

a. $781.06

b. $751.62

c. $749.62

2. What is the finance charge in dollars?

a. $131.06

b. $121.62

c. $111.62

Related Book For answer-question

Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Aug 19, 2022 08:47 AM

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Curtis purchased a mountain bike for $650.00 with 75% down. He will make 12 payments of $24.38

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Cost of the bike Down payment cast of bike x 75 650 x 75 2... View the full answer

Financial Accounting Tools for business decision making

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