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C4 Corp. causes customers considerable consternation. This unscrupulous used-car dealer preys primarily on college students by selling low-cost, sporty used cars for low weekly payments.

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C4 Corp. causes customers considerable consternation. This unscrupulous used-car dealer preys primarily on college students by selling low-cost, sporty used cars for low weekly payments. Recently C4 offered a 2004 Honda Civic for $3000 with no money down. In turn, you agree to make weekly payments of $60 for the next two years, beginning one week after you buy the car. What is APR of this loan? 1.63% 37.9% 131.4% 84.6% %

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