16 April, 03:43
Gabrielle daily borrows $1,000 at a 6 percent add-on rate for one year. what is the finance charge? answers
16 April, 05:42
P - principle of the loan
FC - finance change or total interest
N - number of months the loan is force
FC = ($1,000 x. 06 x 1)
FC = $60
Finance charge is $60.
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» Gabrielle daily borrows $1,000 at a 6 percent add-on rate for one year. what is the finance charge? answers