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3 votes
Determine the finance charge on a $6,500 loan with an interest rate of 9.5% compounded monthly over 36 months.

a. $27.65
b. $208.21
c. $995.56
d. $7,495.56

2 Answers

4 votes

Answer:

$995.56

Explanation:

User Cocoanetics
by
8.0k points
3 votes

It's actually C. $995.56, just got it right on Edge :)

User Douglas Jones
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8.7k points