Mathematics, 25.01.2021 20:10 johan7974
A family purchased a new ski boat for $18,500. The loan agency required a down payment and financed the balance for 36 months with an APR of Determine the total finance charge and monthly payment for the loan.
a. total finance charge= 1398.50; monthly payment 489.50
b. total finance charge=1463.27; monthly payment= 501.27
c. total finance charge= 1585.08; monthly payment= 506.53
d. total finance charge= 1721.61; monthly payment= 510.32
Answers: 1
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A family purchased a new ski boat for $18,500. The loan agency required a down payment and financed...
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