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Mathematics, 01.04.2020 01:22 julio003620

The Great Outdoors is having a sale on their road bikes. The store is also offering financing to those who qualify. The road bike
that you are interested in is a Bianrekmondiant that is on sale for $2,199. The sales associate informs you that the closed-end
installment loan offered by the store is a 36 month installment plan with monthly payments of $82.83. Determine the finance
charge (interest) of the installment loan.
a. $780.32
c. $782.88
b. $790.10
d. $728.23

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