Answers 1442 Personal Finance B CA Personal LoansQuestion 8

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Personal Loans

Question 8 • 1442 Personal Finance B CA

What is the total finance charge for a $4,250 loan at 13.25% interest compounded monthly for 24 months?a.$25.47b.$202.55c.$611.20d.$4,861.20

Answer

A

A

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B

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C

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D

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Personal Loans

What is the total finance charge for a $4,250…