Business math question (can't figure out how to solve this one):

An 18-month loan with an interest charge of $782.00 is paid off with 5 months remaining. The finance charge refund is?

Question

Mathematics

Pretty

22 November, 02:57

Business math question (can't figure out how to solve this one):

An 18-month loan with an interest charge of $782.00 is paid off with 5 months remaining. The finance charge refund is?

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Answers (2)

Know the Answer?

Alexa Odonnell · Answer 1

Alexa Odonnell 22 November, 03:17

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85i think the answer would be

Cabrera · Answer 2

The refunded financial charges are $782.00.

Step-by-step explanation:

The financial charges are stated before the loan is stablished, and thus, whether the payment are finished before or at the according amount of months, the financial charges will still being the same.

Business math question (can't figure out how to solve this one):An 18-month loan with an interest charge of $782.00 is paid off with 5 months remaining. The finance charge refund is?

Business math question (can't figure out how to solve this one):

An 18-month loan with an interest charge of $782.00 is paid off with 5 months remaining. The finance charge refund is?