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Calculate the Finance Charge

Question 49

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Calculate the finance charge:
 Laptop purchase  price  Down Payment  Number of monthly  payments  Amount of monthly  payment 800$30016$185\begin{array}{|c|c|c|c|}\hline \begin{array}{l}\text { Laptop purchase } \\\text { price }\end{array} & \text { Down Payment } & \begin{array}{l}\text { Number of monthly } \\\text { payments }\end{array} & \begin{array}{l}\text { Amount of monthly } \\\text { payment }\end{array} \\\hline 800 & \$ 300 & 16 & \$ 185 \\\hline\end{array}

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