Certainly! Let’s fill in the table step by step using the provided information:
1. Down payment: [tex]$50
2. Amount financed: $[/tex]200
3. Number of monthly payments: 12 payments
4. Amount of monthly payments: [tex]$20
5. Total of monthly payments: 12 × $[/tex]20 = [tex]$240
6. Total finance charge: $[/tex]40
Now, let's fill in the table:
[tex]\[
\begin{tabular}{|l|l|l|l|l|l|l|}
\hline
\begin{tabular}{c}
Purchase price of product \\
Pre-owned Specialized \\
Mountain Bike
\end{tabular} & Down payment & \begin{tabular}{c}
Amount \\
financed
\end{tabular} & \begin{tabular}{c}
Number of monthly \\
payments
\end{tabular} & \begin{tabular}{c}
Amount of monthly \\
payments
\end{tabular} & \begin{tabular}{c}
Total of monthly \\
payments
\end{tabular} & \begin{tabular}{c}
Total finance \\
charge
\end{tabular} \\
\hline
\$250 & \$50 & \$200 & 12 & \$20 & \$240 & \$40 \\
\hline
\end{tabular}
\][/tex]
