Question

Colin took out a loan with a principal of $32,800. After five years, the interest and the principal totaled $48,872. If Colin made monthly payments of $816 for five years until the loan was paid off, how much did Colin pay in service charges
A) $16,072
B)$88
C)$16,160
D)$163
Must EXPLAIN work to get points, Thank You!

Answer 1

C hope that can help you