James wants to purchase a car.
The purchase price of the car is $27,000.00 The dealership will allow him to pay cash or
finance the car with a down payment of $5,000.00 and 60 monthly payments of
$525.00. James chooses to finance the car.
Answer the following questions:
a) What is the amount financed?
b) What is the total amount of monthly payments?
c} What is the amount of the finance charge?