Use the Loan Payoff Table to Find the Monthly Payment

question 90

Multiple Choice

Use the loan payoff table to find the monthly payment and finance charge for the loan.
-Amount financed: $11,268
Number of months: 24
APR: 13%

• A)$540.98, $1,715.52
• B)$535.68, $1,588.32
• C)$530.38, $1,461.12
• D)$441.93, $661.68

---

Definitions:

Mediation

involves a neutral third party assisting disputing parties in reaching a voluntary, negotiated resolution, without imposing a decision.

Reconciliation

The process of restoring friendly relations or resolving conflicts between parties.

Ape Populations

Groups of apes living in specific geographic regions, which may be studied to understand aspects of their behavior, genetics, and conservation status.

Physical Differences

Variations in the anatomical characteristics that exist among individuals, populations, or species.