Brian rehr obtains an installment loan of 1250 to buy canoe requires 24 monthly payments and has an apr of 10% What is the monthly payment and finance charge

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Kelsmj asked Aug 23, 2022

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Brian rehr obtains an installment loan of 1250 to buy canoe requires 24 monthly payments and has an apr of 10%

What is the monthly payment and finance charge

Mathematics
high-school

Kelsmj asked Aug 23, 2022

by Kelsmj

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23 votes

Answer:

I believe it is 122.6

Explanation:

1,250 - 24 = 1,226

10%of 1,226 = 122.6

Dennis Kieselhorst answered Aug 29, 2022

by Dennis Kieselhorst

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