Melissa wants to check the accuracy of the finance charge on her promissory note. She has a
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Melissa wants to check the accuracy of the finance charge on her promissory note. She has a $6,000, 4-year loan at an APR of 3.11%. Round to the nearest cent.
a. What is her monthly payment?
b. What is the total of all her monthly payments?
c. What is the finance charge?
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a 427420 15200 442620 b 6000 4426204 2934160 c 2934160008 279860 Melissas mon...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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