Mathematics, 16.10.2020 23:01 moore6084
You have a loan for $1,000.00 at 7.65% APR. $100.00 of the loan is due each month and there
is a penalty of 2% on the original amount when not paid. If you do not pay anything on the
loan during the year and assuming there is no compounding, how much will you owe in total?
O $1,316.50
O $1,096.50
O $1,100.50
O $1,078.50
Answers: 1
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You have a loan for $1,000.00 at 7.65% APR. $100.00 of the loan is due each month and there
is a pe...
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