Business, 30.01.2022 14:00 eddiewoods8505
Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest rate of 9. 58%, compounded semiannually, and a service charge of $1,294. 64. Once the loan has been fully paid off, what percentage of the total finance charge will the service charge be? round all dollar values to the nearest cent.
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Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest...
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