Question

5 points

Compute the finance charge using the monthly payment chart for a loan
of $3,271 at 6.75% for 5 years. *
$64.37
$3,862.20
$19.68
$591.20
5 points
Compute the ending balance for a simple interest account with $2,345 at
5% for 3 1/2 years
*

Answer 1

The answer is D 591.20