Question: I need help to solve this problem 16. You buy items costing $800 and finance the cost with a simple interest fixed installment loan. You

I need help to solve this problem

16. You buy items costing $800 and finance the cost with a simple interest fixed installment loan. You finance the cost for 30 months at 7% simple interest per year. a. What is the finance charge? b. What is your monthly payment

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