Mathematics, 12.06.2020 23:57 ddmoorehouseov75lc

Murray plans to have a toolshed built at a cost of $3000. His builder suggests that he pay $400 down, followed by 12 monthly payments of $240.
What is the finance charge for this payment schedule?

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Murray plans to have a toolshed built at a cost of $3000. His builder suggests that he pay $400 down, followed by 12 monthly payments of $240. What is the finance charge for this payment schedule?

Answers

Another question on Mathematics

Murray plans to have a toolshed built at a cost of $3000. His builder suggests that he pay $400 down, followed by 12 monthly payments of $240.
What is the finance charge for this payment schedule?