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Question

Calculate the down payment and amount financed.

PurposeCashDownPaymentDown Payment AmountPrice(Cash)(Percent)(in Dollars) Financed Symphony $4,50025% a. $ b. $ Season Tickets\scriptstyle\begin{array}{|c|c|cc|c|c|c|} \hline \text{Purpose} & \text{Cash} & \text{Down} & \text{Payment} & \text{Down Payment} & \text{ Amount} \\ \text{} & \text{Price} & \text{(Cash)} & \text{(Percent)} & \text{(in Dollars)} & \text{ Financed} \\ \hline \text { Symphony } & \$ 4,500 & - & 25\% & \text { a. } \$ & \text { b. } \$ \\ \text { Season Tickets} \\ \hline \end{array}

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a) $4,500×25%=$1,125\$ 4,500 \times 25 \% = \$ 1,125

The down payment is the product of the cash price and the down payment percentage.

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