Business, 17.04.2020 04:35 allieb12334

Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest rate of 9.58%, compounded semiannually, and a service charge of $1,294.64. Once the loan has been fully paid off, what percentage of the total finance charge will the service charge be

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Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest...