Find the finance charge on an item with a cash price

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Reference no: EM131623253

Question: 1. Find the finance charge on an item with a cash price of $469 if the installment price is $503 and no down payment was made.

2. An item with a cash price of $578 can be purchased on the installment plan in 15 monthly payments of $46. Find the installment price if no down payment was made. Find the finance charge.

Reference no: EM131623253

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