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Veseljchak [2.6K]

3 years ago

9

Find I. Choose the correct answer. Amount Financed (m) = $1,400 Number of Payments per year (y) = 12 Number of Payments (n) = 24

Total Interest (c) = $200.50 I =
its not 7.7

2 answers:

dolphi86 [110]3 years ago

6 0

(2×12×200.50)÷(1,400×25)*100=13.7%

Marysya12 [62]3 years ago

3 0

Hi there!

The answer to your problem is I = 13.7%

Your friend, ASIAX

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