A finance company offers a 24-month installment loan with an APR of 13.5%. Robert wishes to use the loan to finance a delivery truck for $31,200. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment

A) $612.11
B) $1,475.50
C) $1,490.58
D) $1,651.00


C

Business

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Fill in the blank(s) with the appropriate word(s).

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