Respuesta :
Take his total payments and subtract the value that he actually borrowed and you will know the total finance charge.
F=70(390)-(28000-6000)
F=27300-22000
F=$5300.00
F=70(390)-(28000-6000)
F=27300-22000
F=$5300.00
Total paid ( including down payment)
6,000+360×70=31,200
Finance charge
31,200−28,000=3,200
6,000+360×70=31,200
Finance charge
31,200−28,000=3,200