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Solomon is taking out a $18,320, two-year loan with an APR of 3.29%. What will be the finance charge for this loan to the nearest dollar?

Solomon is taking out a $18,320, two-year loan with an APR of 3.29%. What will be the finance charge for this loan to the nearest dollar?
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Solomon is taking out a $18,320, two-year loan with an APR of 3.29%. What will be the finance charge for this loan to the nearest dollar?

User JasmineOT
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1 Answer

2 votes
Answer:
$634.43 is the finance charge/ the interest on the loan.
User Danicotra
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