For an installment loan, a formula is used to find the total amount of installment

Chapter 5, Problem 19

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For an installment loan, a formula is used to find the total amount of installment payments. The formula is Total installment payments _ installment Price - Down payment. The formula can be written in symbols as T _ P - D. Find the total installment payments if P = $6,508.72 and D = $2,250.

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