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Ken Tuckey takes out a loan today to be repaid with quarterly payments of $688.64 over 4 years (first payment 3 months from today). If
Ken Tuckey takes out a loan today to be repaid with quarterly payments of $688.64 over 4 years (first payment 3 months from today). If the interest rate on the loan is j4 = 7.2%, how much total interest does Ken pay over the life of the loan?
Question 14 options:
|
| $1518.24 |
|
| $1620.04 |
|
| $3138.28 |
|
| $1018.24 |
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