1. Simple Interest Method Finance Charges. Todd Gardner wants to calculate the total finance charge on a 2-year, 4 percent simple interest, single-payment loan for3,000.
2. Discount Method Finance Charges. Nicole Holmes has taken out a 1 and a half-year, 3 percent discount, single-payment loan for4,000. What is the total finance charge on the loan?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here