Mathematics, 19.05.2021 01:00 giavanleer14
6. Diego is paying off his ten-year, $12,480 loan in quarterly installments. The loan has an interest rate of 7.99%,
compounded quarterly, and a service charge of $1,110.30. Once the loan has been fully paid off, what percentage of
the total finance charge will the service charge be? Round all dollar values to the nearest cent.
a 16.16%
1$ 12,480 -(7,99%)
b. 8.38%
0,6,84%
$1,110.30
d. 1.62%
Answers: 1
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6. Diego is paying off his ten-year, $12,480 loan in quarterly installments. The loan has an interes...
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