The principal on Jan's loan was $4,700, but by the time she had paid it off after four years, the interest and principal totaled $5,388. If Jan made regular quarterly payments of $355 until the loan was paid off, how much did Jan pay for service charges?

a.

$292

b.

$688

c.

$980

d.

$18

Question

16 October, 07:23

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Answers (1)

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Munoz · Answer 1

Im going to say B is the answer because if you do 5388-4700 youll get 688 ... I may not be 100 percent right though but its worth a try : D

The principal on Jan's loan was $4,700, but by the time she had paid it off after four years, the interest and principal totaled $5,388. If Jan made regular quarterly payments of $355 until the loan was paid off, how much did Jan pay for service charges?a.$292b.$688c.$980d.$18