A flower shop owner wants to pay off the loan on a used delivery van that was purchased 32 months ago. The 4-year installment plan used to purchase the van included a $250 finance charge and called for payments of $230 monthly. what amount is needed to pay off the loan? OA S3651.09 OB. $3734.47 OC 53677.51 D.$3578.66

A flower shop owner wants to pay off the loan on a used delivery van that was purchased 32 months ago. The 4-year installment plan used to purchase the van included a $250 finance charge and called for payments of $230 monthly. what amount is needed to pay off the loan? OA S3651.09 OB. $3734.47 OC 53677.51 D.$3578.66

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter6: Using Credit

Section: Chapter Questions

Problem 8FPE

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