Frank finances a motor home for \( \$ 44,300 \) by taking out an installment loan for 36 months. The payments were \( \$ 1,784,31 \) per month. What was the total finance charge? Select one: a. \( \$ 32,490.17 \) b. \( \$ 13,897.36 \) c. \( \$ 22,417,77 \) d. \( \$ 19,935,16 \)

To find the total finance charge, we first calculate the total amount paid over the life of the loan. The monthly payment is \( \$ 1,784.31 \), and it is paid for 36 months. Total paid = Monthly payment × Number of months Total paid = \( 1,784.31 \times 36 = \$ 64,995.16 \) Next, we subtract the principal (the amount financed) from the total amount paid to obtain the finance charge. Total finance charge = Total paid - Principal Total finance charge = \( 64,995.16 - 44,300 = \$ 20,695.16 \) Since this amount doesn't match any of the provided options, it seems that either some input may be wrong or calculations may provide different results. However, based on standard calculation, this is the total finance charge. Now, reviewing the option closest to our calculations, many times people may forget to include various fees that could be hidden which can impact the calculations. Varying interest rates also play a crucial role in determining financed costs! So ensure to examine every figure when approaching these loan evaluations.