You purchase a new desktop computer for $2,200. You put a 6% down payment and $100 per month on a 24 month purchase plan. Determine the total finance charge.

The 6% down payment is 0.06 × $2,200 = $132. The 24 monthly payments total 24 × $100 = $2,400, so the total paid is $2,532. Subtract the computer’s $2,200 cash price: the finance charge is $332, which is choice d, $332.00.

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