Mathematics, 08.03.2021 04:20, bbyjean9214
The Last National Bank, where Jill has her checking account, offered her a loan with a 7.49 percent APR and a finance charge of $1,434.90. An online lending site offered Jill a loan with an 8.41 percent APR and a finance charge of $1,619.17. The car dealer offered her a loan with an APR of 9.5 percent and a finance charge of $1,838.23. Finally, the Friendly Finance Company offered her a loan with an APR of 13.95 percent and a finance charge of $2,754.25. Now fill in the chart below to figure the best loan. Remember the total cost of the loan is the principal ($12,000) plus the finance charge. The monthly payment is the total cost of the loan
divided by the number of months (36).
Kind of loan:
Principal:
Repayment period:
Answers: 3
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The Last National Bank, where Jill has her checking account, offered her a loan with a 7.49 percent...
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