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Solve the Problem $751\$ 751 If There Were 18 Equal Monthly Installments Needed to Out

Question 77

Multiple Choice

Solve the problem.
-The finance charge on a loan taken out by Ivan is $751\$ 751 . If there were 18 equal monthly installments needed to repay the loan, and the loan is paid in full with 15 months remaining, find the amount of unearned interest. (Round answer to the nearest cent.)


A) $527.02\$ 527.02
B) $14.73\$ 14.73
C) $26.35\$ 26.35
D) $515.39\$ 515.39

Correct Answer:

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