Question

find the cost to finance a loan where the total interest paid was $47,952.86, origination fee was $1,190, and filing fee was $200.
your answer:
answer

Explanation:

Step1: Sum all financing costs

$\$47,952.86 + \$1,190 + \$200$

Step2: Calculate total cost

$\$47,952.86 + \$1,390 = \$49,342.86$

Answer:

$\$49,342.86$