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A fishing boat is purchased for $6,400 and financed for 36 months. If the total finance charge is $1,115, find the annual percentage rate using

A fishing boat is purchased for $6,400 and financed for 36 months. If the total finance charge is $1,115, find the annual percentage rate using the table.
Data Table APR (Annual Percentage Rate) Number of monthly payments 10.75% 11.00% 11.25% 11.50% 11.75% 12.00% 12.25% 12 50% 12.75% 1 00% 13.25% 13.50% 13 75% 35 16.94 17.35 7.77 18.18 18.60 19.01 19.43 19.85 20.27 20.69 21.11 21.53 21.95 36 17.43 17.86 18.29 18.71 19.14 19.57 20.00 20.43 20.87 21.30 21.73 22.17 22.60 37 17.93 18.37 8.8 19.25 19.69 20.13 20.58 21.02 21.46 21.91 22.36 22.81 23.25 Print Done

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