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?

Respuesta :

sqdancefan
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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