Respuesta :

We are given that a down payment of 12% from a total price of $160000 was made. To determine the amount paid we use the following relationship:

[tex]160000\times\frac{12}{100}[/tex]

Solving the operations:

[tex]160000\times\frac{12}{100}=19200[/tex]

Therefore, the down payment was $19200.

The amount financed is the remaining amount, that we subtract the down payment from the original price:

[tex]160000-19200=140800[/tex]

Therefore, the amount financed was $140800

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