The correct statement is that the finance charges born by Kevin are close to $787. So, the correct option that matches the statement is D.
The finance charges are calculated as per the summation of the interest payment made and processing fee over such loan.
It has been given that weekly payment of 36.13USD was made for a period of four years, i.e. 208 weeks. So, the total payments made will be,
[tex]\rm Total\ Annuity= \$36.13 x\ 208\\\\\rm Total\ Annuity= \$7515.04[/tex]
The Principal amount of the loan was $7150, so the interest paid is $365.
Now, the finance charge can be calculated by adding the amount of interest to the processing fee of $422 as,
[tex]\rm Finance\ Charge= Interest\ Paid+ Processing\ Fee\\\\\rm Finance\ Charge= 365+422\\\\\rm Finance\ Charge= \$787[/tex]
So, the finance charge borne is calculated as $787.
Hence, the correct option is D that the finance charge borne by Kevin over such loan of $7150 will be $787 for a period of four years.
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