Chelsea made monthly payments for four years before her $13,440 loan was paid off. The loan had an interest rate of 5.86%, compo

Question

3 years ago

11

Chelsea made monthly payments for four years before her $13,440 loan was paid off. The loan had an interest rate of 5.86%, compo

unded monthly. Chelsea paid $156.60 in service charges. To the nearest tenth, what percentage of the total cost of the loan did her finance charges comprise?

Mathematics

1 answer:

Tasya [4] · Answer 1 · 2022-04-03T22:23:26+03:00

Tasya [4]3 years ago

6 0

The answer would be 11.9%