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B: C: D: E: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table,
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Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) Amount Number of APR Financed Payments $7,100 36 11% $ 30.54 Table Factor Finance Charge Monthly Payment $ 1279.35 $ 232.48
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Lets address each part of the question systematically 1 Calculate the table factor finance charge and monthly payment for the loan Given Information Amount Financed 7100 Number of Payments 36 APR 11 F...Get Instant Access with AI-Powered Solutions
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