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Suppose you purchase a car using an installment loan for $26,000 for 48 months at 5% annual rate. Your payment is $598.76. Which is nearest to the total finance charge?

Suppose you purchase a car using an installment loan for $26,000 for 48 months at 5% annual rate. Your payment is $598.76. Which is nearest to the total finance charge?
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Suppose you purchase a car using an installment loan for $26,000 for 48 months at 5% annual rate. Your payment is $598.76. Which is nearest to the total finance charge?

User Javier
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1 Answer

3 votes

Answer:

7

Explanation:

User JonnyBoats
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