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Given a mortgage of $48,000 for 15 years with a rate of 11%, what are the total finance charges? A. $54,576 B. $545.76 C. $50,236.80 D. $5,023.68

Given a mortgage of $48,000 for 15 years with a rate of 11%, what are the total finance charges? A. $54,576 B. $545.76 C. $50,236.80 D. $5,023.68
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Given a mortgage of $48,000 for 15 years with a rate of 11%, what are the total finance charges?

A. $54,576
B. $545.76
C. $50,236.80
D. $5,023.68

User StillLearning
by
7.8k points

1 Answer

4 votes

Answer:

answer is A

Explanation:

User Andreas Oetjen
by
7.8k points
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