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dale walker purchased a new riding lawn mower for 1300 he agreed to pay 124.58 a month for 12 months what is the finance charge in dollars?

Respuesta :

beth432
I believe it is $194.96

“To determine how much you can expect to pay in finance charges over the life of the loan, multiply the Monthly Payment Amount by the Number of Payments, minus the Amount Borrowed. This should give you the Total Amount of Finance Charges that you can expect to pay.”
skyyla04

Answer:

194.96

Step-by-step explanation:

124.58 X 12=1,494.96

1,494.96-1,300=194.96