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Use the Loan Payoff Table to Find the Monthly Payment

Question 21

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: $26,730 Number of months: 18 APR: 12% A) $1,655.04, $3,060.72 B) $1,630.00, $2,610.00 C) $125.83, $24,465.06 D) $1,605.30, $2,165.40
-Amount financed: $26,730
Number of months: 18
APR: 12%


A) $1,655.04, $3,060.72
B) $1,630.00, $2,610.00
C) $125.83, $24,465.06
D) $1,605.30, $2,165.40

Correct Answer:

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