A person financed a motorcycle for $11,800 over 4 years with monthly payments of $295 at 5% add on interest. a) Determine the Finance Charge per $100. Round to the nearest cent. b) Determine the APR using the table. Number of Monthly Payments Annual Percentage Rate (APR) 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5 % 11.0% 11.5% 12.0% Finance Charge per $100 of Amount Financed (h) (n) 6 1.17 1.32 1.46 1.61 1.76 12 2.18 2.45 2.73 3.00 3.28 18 3.20 3.60 4.00 24 4.22 4.75 4.41 5.29 5.83 3.83 5.63 30 5.25 36 6.29 48 60 8.38 9.46 10.50 11.86 13.23 3.56 4.11 4.39 4.82 5.22 6.04 6.45 6.86 7.28 7.69 8.10 8.52 8.93 9.35 9.77 6.37 6.91 7.45 8.00 8.55 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 5.92 6.59 7.26 7.94 8.61 9.30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 15.54 16.24 7.09 7.90 8.71 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 18.71 19.57 10.54 11.63 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 22.90 24.06 25.23 26.40 14.61 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 28.96 30.45 31.96 33.47 1.90 2.05 2.20 2.35 2.49 2.64 2.79 2.94 3.08 3.23 3.38 3.53 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62