Solve the problem.The finance charge on a loan taken out by Ajay is $735. If there were 48 equal monthly installments needed to repay the loan, and the loan is paid in full with 12 months remaining, find the total finance charge paid. (Round answer to the nearest cent.)
A. $48.75
B. $416.25
C. $686.25
D. $735.00
Answer: C
Mathematics
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?
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