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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…

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asked Oct 24, 2023 12.6k views

7 votes

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

Mathematics
high-school

Mortennobel asked

by Mortennobel

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1 Answer

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Answer:

C. 1,768

Explanation:

162.8 times 60 equals 9,768

9,768 minus 1,768 is 8000

Jlucasps answered Oct 28, 2023

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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