Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months
2 answers:
<u>Answer: </u>
C) $1,768.00
<u>Explanation: </u>
With a monthly payment of $162.80 for 60 months. I multiplied 162.8 by 60, my answer was $9,768. $9,768 minus $1,768 is equal to $8,000. So, the finance charge for the $8,000 loan is $1,768.
Answer:
C
Step-by-step explanation:
EDGE 2021
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