President Ronald Reagan
1 answer:
You might be interested in
Kevin pay in <u>finance charges</u> the amount of approximately $787.
The weekly <em>principal and interest </em>amount are $36. 13 for 4 years. Here, the principal amount paid is $7,150.
Therefore,<u> total interest plus the principal </u>amount paid in 4 years are:
Here,<u> 52 is the total week </u>in a year that is multiplied by <u>4 years</u> and payment in one week.
The<em> service charge</em> that Kevin intended to pay was $422, which makes the total payment as:
Hence, the <u>actual finance charge</u> would be computed as below:
Learn more about finance charge payment here: