Question

could someone please explian how you figure out.......

question: How do you get the total of the deferred payment using this info Total cost of furniture is $4,200 the finance charge is $984

Answer 1

A deferred payment is "a debt which has been incurred and will be paid back at some point in the future."

In this case, it should be the cost of the furniture + the cost of the finance charge - the down payment.