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Adriana wishes to take out an installment loan to finance the purchase of a sailplane costing $51,600. Her loan requires a 30% down payment and
Adriana wishes to take out an installment loan to finance the purchase of a sailplane costing $51,600. Her loan requires a 30% down payment and equal monthly payments of $1,557.25 for 12 months. What is the amount of the finance charge on this loan? a. $29,204.50 $48,350.00 . S25.695,27 O d. S4358o.6A
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