Question: You finance $ 1 0 , 0 0 0 . 0 0 to buy a boat. You agree to make 2 8 monthly payments of

You finance $10,000.00 to buy a boat. You agree to make 28 monthly payments of $455.38. After you make the 15th payment, you want to pay your loan off in full
a.Determine the finance charge.
b.Determine the monthly finance charge.
c. Calculate the amount of finance charge saved by paying off the loan early.
d.Compute the amount due to pay off your loan completely.
e.Calculate the total amount of money paid for your new boat.

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