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Brian rehr obtains an installment loan of 1250 to buy canoe requires 24 monthly payments and has an apr of 10% What is the monthly payment and finance charge

Brian rehr obtains an installment loan of 1250 to buy canoe requires 24 monthly payments and has an apr of 10% What is the monthly payment and finance charge
asked 107k views
3 votes
Brian rehr obtains an installment loan of 1250 to buy canoe requires 24 monthly payments and has an apr of 10%

What is the monthly payment and finance charge

asked
User Joselin
by
7.8k points

1 Answer

5 votes

Answer:

I believe it is 122.6

Explanation:

1,250 - 24 = 1,226

10%of 1,226 = 122.6

answered
User Andnik
by
8.2k points
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