Essay
Calculate the finance charge and the monthly payment on a $20,000 add-on installment loan with an interest rate of 9% and a term of 5 years. (Show all work.)
Correct Answer:
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Finance Charge = $20,000 × .09...View Answer
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Correct Answer:
Verified
Finance Charge = $20,000 × .09...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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