Answers 26-27 Ignite Technical Math-Financial Math - MA2007 Topic TestQuestion 58

58

QuizMultiple Choice

Topic Test

Question 58 • 26-27 Ignite Technical Math-Financial Math - MA2007

What is the total finance charge for a $4,250 loan at 13.25% interest compounded monthly for 24 months?

Answer

A

$25.47

B

$202.55

C

$611.20

D

$4,861.20

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