What is the monthly payment What is the total payment? Find the finance charge,for a $8,000 4-year loan with an APR of 3%?

Question

asked Jul 7, 2024 180k views

1 Answer

Bebben · Answer 1 · 2024-07-13T19:24:12+0000

Answer:

8,960.66

Explanation:

In general, the length of the billing cycle is at least 15 days and no longer than 90 days.

The finance charge for a billing cycle is 960.66.

The new opening balance in the following billing cycle is 8,960.66.