The Delgados obtained an installment loan of $16,000. The loan had an APR of 10% and they agreed to repay the loan in 18 months. What is the finance charge of the loan?
Use the following table:
8.79
MONTHLY PAYMENT ON A $100 LOAN
Term in
Annual Percentage Rate
Months 10% 12% 15% 18%
6 $17.16 $17.25 $17.40 $17.55
12
8.88
9.03
9.17
18
6.01
6.10 6.24 6.38
24
4.61 4.71 4.85 4.99
30
3.78 3.87 4.02 4.16
36
3.23 3.32 3.47 3.62
42
2.93
3.07 3.23
48
2.54 2.63 2.78 2.94
2.83
O $1,308.80. O $961. O $1,289.40. O $1,123.70

answer: 177/8

step-by-step explanation:

i am unable to solve this problem

step-by-step explanation:

definitely a. the others have almost all data points on one side of the line.

step-by-step explanation:

x =-.20752

step-by-step explanation:

4^(x+2)=12

4^(x+2)=12

take the log base 4 on each side

log 4 (4^(x+2) = log 4(12)

we know log b(a^y) = y log b (a)

(x+2) log 4(4) = log 4 (12)

x+2 = log 4 (12)

we know   logb c = loga c/loga b

we want to convert to base 10   so a = 10

by default, we do not write the 10   c = 4   and b = 10

log4 10 = log 12/log 4

log4 10 = log 12/ log 4

x+2 = log 12/ log 4

subtract 2 from each side

x +2 -2 = log 12/ log 4 -2

x = 1.79248125 -2

x =-.20752