heyhi1234 heyhi1234

08-04-2018
Mathematics

contestada

You borrow $24,500 to buy a car. Your monthly payment on the 5-year loan is $496.77. What is your total finance charge?

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sqdancefan sqdancefan

08-04-2018

60 payments of $496.77 add to 29,806.20, so the finance charges amount to
.. $29806.20 -24500.00 = $5,306.20

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