1 point
6. Henry Reed obtained an installment loan of $2,000. The annual
percentage rate is 1...
Mathematics, 08.12.2020 01:50, julianl25646
1 point
6. Henry Reed obtained an installment loan of $2,000. The annual
percentage rate is 12 percent. He must repay the loan in 48 months. Given
the MONTHLY PAYMENT ON A $100 LOAN for a 12 percent APR loan for 48
months is $2.63, what is the finance charge? (Section 8-3)*
a. $524.80
b. $525.00
c. $500.25
d. $495.10
help?
Answers: 1
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