The Delgados obtained an installment loan of $16,000. The loan had an APR of 10% and they agreed to repay the loan in 18 months. What is the finance charge of the loan?
Use the following table:
8.79
MONTHLY PAYMENT ON A $100 LOAN
Term in
Annual Percentage Rate
Months 10% 12% 15% 18%
6 $17.16 $17.25 $17.40 $17.55
12
8.88
9.03
9.17
18
6.01
6.10 6.24 6.38
24
4.61 4.71 4.85 4.99
30
3.78 3.87 4.02 4.16
36
3.23 3.32 3.47 3.62
42
2.93
3.07 3.23
48
2.54 2.63 2.78 2.94
2.83
O $1,308.80. O $961. O $1,289.40. O $1,123.70

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step-by-step explanation:

step-by-step explanation:

we are given

since, we have to isolate x on anyone side

so, we can move all x terms on one side

subtract both sides by 2x

add both sides by 9

divide both sides by 4

we get

let x be the money she spent so that she can earn the free t-shirt.

since, she already spent $112.49

⇒

also, as per the statement: jennifer must spend $250 or more in order to qualify for a free t-shirt at the store.

then,

we have an inequality i.,e

subtract 112.49 from both sides we get;

therefore, $137. 51 more money does jennifer need to spend so that she can earn the free t-shirt

include a picture of the drawing in order for me to

step-by-step explanation: