SOLUTION: Is it D? I want to check my answer.
Bob has taken out a loan of $15,000 for a term of 48 months (4 years) at an interest rate of 6.5%. Using the amortization table provided, wha
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Bob has taken out a loan of $15,000 for a term of 48 months (4 years) at an interest rate of 6.5%. Using the amortization table provided, wha
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Question 1185087: Is it D? I want to check my answer.
Bob has taken out a loan of $15,000 for a term of 48 months (4 years) at an interest rate of 6.5%. Using the amortization table provided, what will be his total finance charge over the course of his loan?
A. $355.65
B. $975.00
C. $1,682.40
D. $2,071.20
E. $17,071.20
The question is provided in the link here: https://i.imgur.com/sfmwHur.png Answer by ikleyn(53937) (Show Source):
