Mathematics

29 April, 11:24

A family purchased a new ski boat for $18,500. The loan agency required a down payment and financed the balance for 36 months with an APR of Determine the total finance charge and monthly payment for the loan.

Total finance charge = $1497.02; Monthly payment = $478.39

Total finance charge = $2989.60; Monthly payment = $596.93

Total finance charge = $3418.62; Monthly payment = $531.77

Total finance charge = $1625.97; Monthly payment = $481.97

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