Question

Determine the finance charge on a $6,500 loan with an interest rate of 9.5% compounded monthly over 36 months.
a. $27.65
b. $208.21
c. $995.56
d. $7,495.56

Answer 1

It's actually C. $995.56, just got it right on Edge :)

Answer 2

Answer:

$995.56

Step-by-step explanation: