Based on the amount that Anna bought the car and the down payment, the dollar finance charge on the loan is $1,280.
What is the dollar finance charge for Anna's loan?
This can be found as:
= (Monthly payment x 3 years x 12 months per year) - (Car price - Down payment)
Solving gives:
= (480 x 3 x 12) - (18,000 - 2,000)
= 17,280 - 16,000
= $1,280
Find out more on finance charges at https://brainly.com/question/3436429.
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