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Use the Loan Payoff Table to Find the Monthly Payment

Question 18

Multiple Choice

Use the loan payoff table to find the monthly payment and finance charge for the loan. Use the loan payoff table to find the monthly payment and finance charge for the loan. -Amount financed: $8,036 Number of months: 36 APR: 9% A) $251.85, $1,030.60 B) $223.80, $20.80 C) $255.54, $1,163.44 D) $259.32, $1,299.52
-Amount financed: $8,036
Number of months: 36
APR: 9%


A) $251.85, $1,030.60
B) $223.80, $20.80
C) $255.54, $1,163.44
D) $259.32, $1,299.52

Correct Answer:

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