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Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months. a. $29.47 b. $162.80 c. $1,768.00 d. $9,768.00 please select the best answer from…

Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months. a. $29.47 b. $162.80 c. $1,768.00 d. $9,768.00 please select the best answer from…
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Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months. a. $29.47 b. $162.80 c. $1,768.00 d. $9,768.00 please select the best answer from the choices provided a b c d

User Mortennobel
by
7.2k points

1 Answer

3 votes

Answer:

C. 1,768

Explanation:

162.8 times 60 equals 9,768

9,768 minus 1,768 is 8000

User Jlucasps
by
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User EMBLEM
asked Nov 12, 2022 176k views
Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months.
EMBLEM asked Nov 12, 2022
by EMBLEM
8.2k points
1 answer
2 votes
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