what is the amount owed for an installment loan to purchase the item described in the table? finance plan…

what is the amount owed for an installment loan to purchase the item described in the table? finance plan product pinball machine price $4,200.00 discount 25% down payment $500.00

what is the amount owed for an installment loan to purchase the item described in the table? finance plan product pinball machine price $4,200.00 discount 25% down payment $500.00

Answer

Answer:

$2,650.00

Explanation:

Step1: Calculate discounted price

$4200\times(1 - 0.25)=4200\times0.75 = 3150$

Step2: Subtract down - payment

$3150-500 = 2650$