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Kryger [21]
3 years ago
5

What is the finance charge on 13,300 financed at 7.9 percent for 4 years if the monthly payment per 100 is 2.74?

Mathematics
2 answers:
liraira [26]3 years ago
4 0

Answer:

17,492.16

Step-by-step explanation:

Julli [10]3 years ago
3 0

To answer this question we have to first determine how many times 100 can go into 13,300. To find this we do the following:


<span>$13,300/$100 = 133</span>


<span>Now we simply multiply the result by $2.74:</span>


<span>$2.74*133 = $364.42.</span>


<span>Finally we just multiply that by the total number of payments which are (monthly payment, 12 months in a year, for 4 years).</span>


<span>$364.42*(12*4) ---> $364.42*48 = $17,492.16.</span>


The correct answer is choice 4.) 17,492.16


<span>I hope this helps, Regards.</span>

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