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question 7 (14.2 points) find the cost to finance a loan where the tota…

Question

question 7 (14.2 points)
find the cost to finance a loan where the total interest paid was $10,440.15,
origination fee was $130, and filing fee was $225.
your answer:
answer
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Explanation:

Step1: Sum all finance costs

$\$10,440.15 + \$130 + \$225$

Step2: Calculate total cost

$\$10,440.15 + \$355 = \$10,795.15$

Answer:

$\$10,795.15$