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How much is the finance charge

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Reference no: EM131623075

Question: 1. The cash price of a music system is $2,859 and the installment price is $3,115.35. How much is the finance charge?

2. The installment price of a refrigerator is $2,087 for a 24-month loan. If a down payment of $150 had been made, what is the installment payment?

Reference no: EM131623075

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