Answered

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Julie obtained an installment loan of $4,600 to have some trees removed from her
yard. The APR is 13 percent. The loan is to be repaid in 36 months. What is the
finance charge (Use the table on page 799 for monthly payment)?
A $2,432.02
B $12,870.00
C$16.15
D$980.72

Sagot :

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