Driley50
Answered

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Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months
A) $29.47
B) $162.80
C) $1,768.00
D) $9,768.00
Please explain

Sagot :

ktrjman

Answer:

C) $1,768.00

Explanation:

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:

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