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3. Jane Windsor financed a $5,900 ski boat with a 12% add-on interest installment loan for 12 months. Given the loan required a 10% down payment, determine the following: The amount of the finance charge?
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3. Jane Windsor financed a $5,900 ski boat with a 12% add-on interest installment loan for 12 months. Given the loan required a 10% down payment, determine the following: The amount of the finance charge? The amount of the finance charge rebate if the loan were to be paid after the 10th payment?

User Jakehao
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1 Answer

3 votes

Answer:

multiply it by .12 then it says for 12 months, multiply it by 12 then

Explanation:

User OverTheEdge
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