26
QuizMultiple Choice

Borrowing Money

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

Dana just finished paying off the $15,400 loan she took out four years ago. The loan had 6.68% interest, compounded monthly. If Dana paid a total of $18,321.60, how much did she pay in service charges?

Answer
A
$730.08
B
$366.49
C
$1,028.72
D
$266.76
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