Brenda callaway wants to borrow money to purchase some new, Ask an Expert

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Brenda Callaway wants to borrow money to purchase some new appliances. The bank offered her a $1000 loan at 8 percent simple interest and an upfront service charge of $45. If she is required to pay the entire loan back at the end of one year, what is her total finance charge? Show work

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91265456

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