Enter the finance charge ($), the amount borrowed ($), and the down payment ($) into the Total Installment Price Calculator. The calculator will evaluate and display the Total Installment Price.

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## Total Installment Price Formula

The following formula is used to calculate the Total Installment Price.

TIP = FC + AB + DP

- Where TIP is the Total Installment Price ($)
- FC is the finance charge ($)
- AB is the amount borrowed ($)
- DP is the down payment ($)

To calculate the total installment price, sum the finance charge, borrow amount, and down payment.

## How to Calculate Total Installment Price?

The following example problems outline how to calculate Total Installment Price.

**Example Problem #1**

- First, determine the finance charge ($).
- The finance charge ($) is given as 300.

- Next, determine the amount borrowed ($).
- The amount borrowed ($) is calculated as: 400.

- Next, determine the down payment ($).
- The down payment ($) is found to be: 500.

- Finally, calculate the Total Installment Price using the formula above:

TIP = FC + AB + DP

Inserting the values from above yields:

TIP = 300 + 400 + 500 = 1200.00 ($)

**Example Problem #2**

The variables needed for this problem are provided below:

finance charge ($) = 600

amount borrowed ($) = 700

down payment ($) = 800

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.

TIP = FC + AB + DP =** **($)