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Business, 18.07.2019 06:30 vsuescun10

The great outdoors is having a sale on their road bikes. the store is also offering financing to those who qualify. the road bike that you are interested in is a bianrekmondiant that is on sale for $2,199. the sales associate informs you that the closed-end installment loan offered by the store is a 36 month installment plan with monthly payments of $82.83. determine the finance charge (interest) of the installment loan. a. $780.32 c. $782.88 b. $790.10 d. $728.23

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