Mathematics, 19.05.2020 22:07 Boondiddy9

Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest rate of 9.58%, compounded semiannually, and a service charge of $1,294.64. Once the loan has been fully paid off, what percentage of the total finance charge will the service charge be? Round all dollar values to the nearest cent. a. 5.48% b. 8.43% c. 18.55% d. 15.65% Please select the best answer from the choices provided A B C D

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Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest...

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