EBK CFIN
6th Edition
ISBN: 9781337671743
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Transcribed Image Text:Rachel took out a personal loan for $4,500 with
a monthly payment of $173.06 for 36 months.
Determine the finance charge on Rachel's loan if
she takes all 36 months to pay it off.
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