David Nason purchased a recreational vehicle for $25,000. David went to City Bank to finance the purchase. The bank required that David make a 10% down payment and monthly payments of $571.50 for 4 years. Find (a) the amount financed, (b) the finance charge, and (c) the deferred payment that David paid.
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Home » Business » David Nason purchased a recreational vehicle for $25,000. David went to City Bank to finance the purchase. The bank required that David make a 10% down payment and monthly payments of $571.50 for 4 years.