65.1k views
5 votes
Louise Bourgeois obtained a $3,200 installment loan for a marble floor in her foyer. The

annual percentage rate is 9%. She must repay the loan in 24 months. Find the (a) monthly
payment using the formula, (b) total amount repaid, and (c) the finance charge.

1 Answer

4 votes
(a) 157.33 (b)3776.00 (c) 576.00

User Arshovon
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories