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What is her total amount of monthly payments

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Problem - Lauren went to Bicycle Village to get a new mountain bike. The bike cost $2,750. She is going to put a down payment of 12% and 3 years of payments of $80 per month.

a. How much is her down payment?

b. What is her total amount of monthly payments?

c. What was Lauren's total cost for her new mountain bike?

d. What was her finance charge?

Reference no: EM132890873

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