X - Ch 6 0% for 24 Months, Nothin... table and $199 end table. What is the total amount financed, including $153 for tax and $75 for delivery? $2,773 4) According to the conditions above, what should their monthly payments be? If Kelsey and Cody do not send their payment in on time, what will the following month's payment be? $37.50, $39.50 5) Kelsey and Cody have been making payments on this furniture for 18 months, but Cody gets laid off from his job, and their income drops substantially. They are unable to stay current on their account even though they have paid $2,070 of the bill. According to the above terms, what happens to their bill? The promotion is cancelled for accounts not current, and the default rate of 25.9% and regular minimum monthly payments apply. 6) Which finance charge will apply to them? 25.9% 7) Assume they are back-charged that rate from the beginning of the promotional period, how much will they owe in finance charges for the first year? $718.07 8) What is the minimum amount they would have saved if they paid cash? (Hint, think about their original intended purchase.) $2,097