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Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1 and Table 14.1(b).) (Do not round
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1 and Table 14.1(b).) (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent.) Purchase price of a used car $ Down payment 5,673 $ 1,223 Number of monthly payments Amount financed Total of monthly payments Total finance charge 48 $ 5,729.76 APR NUMBER OF ANNUAL PERCENTAGE RATE PAYMENTS 10.00% 10.25% 10.50% 10.75% 11.00% 11.25% 11.50% 11.75% 12.00% 12.25% 12.50% 12.75% 13.00% 13.25% 13.50% 13.75% EFINANCE CHARGE PER $100 OF AMOUNT FINANCED) 1.25 1.67 2.70 0.83 0.85 0.87 0.90 0.92 0.94 0.96 0.98 1.00 1.28 1.31 1.35 1.38 1.41 1.44 1.71 1.76 1.80 1.84 2.09 2.14 2.20 2.25 2.51 2.58 2.66 1.47 1.50 1.88 1.92 1.96 2.01 2.05 2.30 2.35 2.41 2.46 2.51 2.57 2.77 2.83 2.89 2.96 3.02 3.08 1.02 1.04 1.06 1.08 1.10 1.12 1.15 1.53 1.57 1.60 1.63 1.66 1.69 1.72 2.09 2.13 2.17 2.22 2.62 2.67 2.72 2.78 3.15 3.21 3.27 3.34 2.26 2.30 2.83 3.40 3.46 2.88 2.94 3.01 3.08 3.16 3.23 3.31 3.38 3.36 3.45 3.53 3.62 3.70 3.78 3.87 10 3.79 3.88 3.98 4.21 4.32 4.43 4.64 4.76 4.07 4.17 4.26 4-36 4.53 4.64 4.75 4.85 3.53 3.60 3.95 4.04 6.12 4.46 4.55 4.65 6.96 5.17 5.20 4.88 4.99 5.11 5.23 5.35 5.58 5.70 5.82 5.94 3.68 3.75 3.83 3.90 3.97 4.05 4.21 4.29 4.38 4.47 4.55 4.64 4.74 4.84 4.94 5.03 5.13 5.22 5.39 5.49 5.60 5.71 5.82 6.05 6.17 6.29 6.41 5.07 5.20 12 5.50 5.64 5.33 5.45 5.78 5.92 6.06 5.58 5.71 5.84 5.97 6.10 6.23 6.36 6.49 6.20 6.34 6.48 6.62 6.76 6.90 13 5.93 6.08 6.23 6.38 6.53 6.68 6.84 6.99 7.14 14 6.36 6.52 6.69 6.85 7.01 7.17 7.34 15 6.80 6.97 7.14 7.32 7.49 7.66 7.84 7.29 7.50 7.66 7.82 8.01 8.19 8.36 7.99 8.53 6.62 6.75 6.88 7.01 7.04 7.18 7.32 7.46 7.60 7.44 7.59 7.75 7.90 8.05 8.20 8.15 8.31 8.48 8.64 8.81 8.71 8.88 9.06 9.23 9.41 16 7.23 7.41 7.60 7.78 7.97 8.15 8.34 17 16 19 20 ** * *NOR 9 ***** ***** *** **** 32 33 34 35 36 37 38 39 8.53 8.90 9.08 9.27 9.46 9.64 9.83 10.02 7.67 7.86 8.06 8.25 8.45 8.65 8.84 9.04 9.24 9.44 9.63 9.83 10.03 10.23 10.43 10.63 8.10 8.31 8.52 8.73 8.93 9.14 9.35 9.56 9.77 9.98 10.19 10.40 10.61 10.82 11.03 11.24 8.54 8.76 8.98 9.20 9.42 9.64 9.86 10.08 10.30 10.52 10.74 10.96 11.18 11.41 11.63 11.85 8.98 9.21 9.44 9.67 9.90 10.13 10.37 10.60 10.83 11.06 11.30 11.53 11.76 12.00 12.23 12.46 9.42 9.66 9.90 10.15 10.39 10.63 10.88 11.12 11.36 11.61 11.85 12.10 12.34 12.59 12.84 13.08 9.86 10.12 10.37 10.62 10.88 11.13 11.39 11.64 11.90 12.16 12.41 12.67 12.93 13.19 13.44 13.70 10.30 10.57 10.84 11.10 11.37 11.63 11.90 12.17 12.44 12.71 12.97 13.24 10.75 11.02 11.30 11.58 11.86 12.14 12.42 12.70 12.98 13.26 13.54 13.82 11.19 11.48 11.77 12.06 12.35 12.64 12.93 13.22 13.52 13.81 14.10 14.40 11.64 11.94 12.24 13.51 13.78 14.05 14.32 14.10 14.38 14.66 14.95 14.69 14.98 15.28 15.57 12.54 12.85 13.15 13.45 13.75 14.06 14.36 14.67 14.97 15.28 15.59 15.89 16.201 12.09 12.40 12.71 13.03 13.34 13.66 13.97 14.29 14.60 14.92 15.24 15.56 15.87 16.19 16.51 16.83 17.46 12.53 12.86 13.18 13.51 13.84 14.16 14.49 14.82 15.15 15.48 15.81 16.14 16.47 16.80 17.13 12.98 13.32 13.66 14.00 14.33 14.67 15.01 15.35 15.70 16.04 16.38 16.72 17.07 17.41 17.75 18.10 13.43 13.78 14.13 14.48 14.83 15.19 15.54 15.89 16.24 16.60 16.95 17.31 17.66 18.02 18.38 18.74 13.89 14.25 14.61 14.97 15.33 15.70 16.06 16.43 16.79 17.16 17.53 17.90 18.27 18.63 19.00 19.38 14.34 14.71 15.09 15.46 15.84 16.21 16.59 16.97 17.35 17.73 18.11 18.49 18.87 19.25 19.63 20.02 14.79 15.18 15.57 15.95 16.34 16.73 17.12 17.51 17.90 18.29 18.65 19.08 19.47 19.87 20.26 20.66 15.25 15.65 16.05 16.44 16.85 17.25 17.65 18.05 18.46 18.86 19.27 19.67 20.09 20.49 20.90 21.31 15.70 16.11 16.53 16.94 17.35 17.77 18.18 18.60 19.01 19.43 19.85 20.27 20.69 21.11 21.53 21.95 16.16 16.58 17.01 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 23.25 16.62 17.06 17.49 17.93 18.37 18.81 19.25 19.69 20.13 20.58 21.02 21.46 21.91 22.36 22.81 17.08 17.53 17.98 18.43 16.88 19.33 19.78 20.24 20.69 21.15 21.61 22.07 22.52 22.99 23.45 23.91 17.54 18.00 18.46 18.93 19.39 19.86 20.32 20.79 21.26 21.73 22.20 27.67 23.14 23.61 24.09 24.56 18.00 18.48 18.95 19.43 19.90 20.38 20.86 21.34 21.82 22.30 27.79 21.27 23.76 24.25 74.73 25.22 19.44 19.93 20.42 20.91 21.40 21.89 22.39 22.88 23.38 23.85 24.38 24.88 25.3A 25.88 19.93 20.43 20.93 21.44 21.94 22.45 22.96 23.47 23.98 24.49 25.00 25.51 26.03 26.55 19.40 19.91 21.45 21.97 22.49 23.01 23.53 24.05 24.57 25.10 25.62 26.15 26.68 27.21 20.42 20.94 26.25 26.79 27.33 27.88 19.86 20.39 20.91 21.44 21.97 22.50 23.03 23.57 24.10 24.64 25.17 25.71 20.33 20.87 21.41 21.95 22.49 23.03 23.58 24.12 24.67 25.22 25.77 26.32 26.88 27.43 27.99 28.55 41 18.47 18.95 42 18.93 19.43 43 44 45 46 47 48 49 50 22.80 23.29 22.69 20.80 21.35 21.90 22.46 23.01 23.57 24.13 24.69 25.25 25.81 26.37 26.94 27.51 28.08 28.45 29.22 21.27 21.83 23.53 24.10 24.68 25.25 25.82 26.40 26.98 27.56 28.14 28.72 29.31 29.89 22.40 22.97 26.99 27.58 26.40 28.18 24.77 29.37 29.97 30.57 23.48 24.06 24.64 25.23 25.81 22.90 21.74 22.32 27.59 26.38 28.19 30.63 26.98 31.24 28.80 29.41 30.02 24.58 25.16 25.78 23.99 22.21 23.39 23.89 24.50 25.11 25.72 26.33 26.95 27.56 28.18 28.40 29.42 30.04 30.67 31.29 31.92 51 23.64 23.16 23.78 24.40 25.02 25.64 26.26 26.89 27.52 28.15 28.78 29.41 30.05 30.68 31.32 31.96 32.60 31.98 32.63 33.29 24.27 24.90 25.53 26.17 26.81 27.45 28.09 28.73 29.38 30.02 30.67 31.32 33.30 29.32 29.98 30.66 31.30 31.97 12.63 25.40 26.05 26.70 27.35 28.00 28.66 24.11 24.76 30.58 31.25 31.93 29.23 29.91 33.98 32.61 3.3.29 27.23 27.90 28.56 24.59 25.25 25.91 26.57 31.18 31.87 32.56 33.26 33.95 34.65 35.35 25.07 25.74 26.41 27.09 27.77 28.44 29.13 29.81 30-50 27.61 26.92 28.30 28.99 29.69 30.39 31.09 31.79 37.49 31.20 33.91 34.62 35.33 25.55 26.23 34.56 15.29 36.01 27.43 28.13 28.84 26.03 26.73 29.54 30.25 30.97 31.68 32.39 33.11 33.83 35.21 15.05 36.69 31.55 32.27 33.00 31.74 34.47 30.10 30.82 29.37 28.66 26.51 27.23 27.94 34.36 35.11 32.87 33.61 35.86 36.62 37.37 32.13 30.65 31.39 29.18 29.91 28.45 27.00 27.72 34.23 34.99 35.75 36.52 37.29 18.06 27.48 28.22 28.96 29.71 30.45 31.20 31.96 32.71 33.47 33.97 34.66 36.04 36.74 37.43 18.13 38.83 TABLE 14.1 (concluded) NUMBER OF ANNUAL PERCENTAGE RATE PAYMENTS 14.00% 14.25% 14.50% 14.75% 15.001 15.25% 15.50% 15.75 16.00% 16.25% 16.50% 16.75% 17.00% 17.25% 17.50% 17.758 FINANCE CHARGE PER $100 OF AMOUNT FINANCED) 1 1.17 1.19 1.21 1.23 1.25 2 1.75 1.78 1.82 1.85 1.88 1.91 1.94 1.97 2.34 2.38 2.43 1.27 1.29 1.31 1.33 1.35 1.17 1.40 1.42 1.44 1.46 2.00 2.04 2.07 2.10 1.48 2.13 2.16 2.19 2.22 2.47 2.51 2.55 2.59 2.64 2.68 2.72 2.76 2.80 2.45 2.09 2.93 2.97 2.93 2.99 3.04 3.09 3.14 3.20 3.25 3.30 3.36 3.41 3.53 3.50 3.65 3.72 3.78 3.84 3.91 3.97 4.04 4.10 3.46 4.16 4.21 3.51 3.57 1.62 3.67 3.73 4.29 4.35 4.42 4.48 4.12 4.20 4.27 4.35 4.42 4.49 4.57 4.54 4.72 4.79 4.07 5.02 5.09 5.17 5.24 T 4.72 4.81 4.89 4.98 5.06 5.15 5.23 5.37 5.40 5.49 B 5.32 5.42 5.51 5.61 5.71 5.80 5.90 6.00 6.09 6.14 6.29 5.92 6.03 6.14 6.25 6.35 6.46 6.57 6.68 6.78 6.89 7.00 10 6.53 6.65 6.77 6.88 7.00 7.12 7.24 7.36 7.48 7.0 7.72 5.66 5.75 5.03 5.92 6.00 6.38 6.48 6.50 6.67 6.77 7.11 7.22 7.32 7.43 7.54 7.44 7.96 1.08 8.19 8.31 11 7.14 7.27 7.40 7.53 7.66 7.79 7.92 8.05 12 7.74 7.89 8.03 8.17 8.31 8.45 8.59 8.74 13 8.36 8.51 8.66 8.81 8.97 9.12 9.27 14 8.97 9.13 9.30 9.46 9.63 9.79 9.96 15 9.59 9.76 9.94 10.11 10.29 10.7 10.6 16 17 18 19 20 10.20 10.39 10.58 10.77 10.82 11.02 11.22 11.42 11.45 11.66 11.87 12.08 12.07 12.30 12.52 12.74 12.70 12.93 13.17 13.41 8.44 8.57 8.70 8.83 8.94 9.09 9.30 9.16 9.45 9.59 9.73 9.87 9.89 10.04 10.20 10.35 10.50 10.66 10.57 10.78 10.95 11.11 11.28 11.45 11.35 11.53 12.71 11.00 12.05 12.24 10.95 11.14 11.33 11.52 11.71 11.90 12.09 12.28 12.46 12.65 12.84 13.03 11.62 11.42 12.07 12.22 12.42 12.62 12.83 13.03 13.73 13.43 13.63 13.63 12.29 12.50 12.72 12.93 13.14 13.35 13.57 11.78 13.99 14.21 14.42 14.64 12.97 13.19 13.41 13.64 13.46 14.09 14.31 14.54 14.74 14.09 15.22 15.44 13.64 13.84 14.11 14.35 14.59 14.82 15.06 15.30 15.54 15.77 16.01 16.25 8.18 8.31 8.88 9.02 9.43 9.58 9.71 10.12 10.79 10.45 10.2 11.00 11.17 21 22 23 24 25 13.33 13.58 13.82 14.07 14.32 14.57 14.82 15.0% 15.31 15.56 15.41 16.06 16.31 16.56 14.81 13.96 14.22 14.48 14.74 15.00 15.26 15.57 15.78 16.04 16.30 15.57 16.83 17.09 17.36 17.62 14.59 14.87 15.14 15.41 15.68 15.96 16.23 16.50 15.23 15.51 15.80 16.08 16.37 16.65 16.94 17.22 15.87 16.17 16.46 16.76 17.06 17.35 17.65 17.95 17.07 17.88 26 27 26 29 30 17.15 17.47 17.80 18.12 18.44 18.76 19.09 19.41 17.80 18.13 18.47 18.80 19.14 19.47 19.81 20.15 20. 18.45 18.79 19.14 19.49 19.43 20.18 20.51 19.10 19.45 19.81 20.17 20.54 20.90 21.26 71.62 16.78 17.05 17.32 17.40 17.84 18.15 14.43 18.70 17.51 17.80 14.09 18.37 14.66 18.95 19.24 19.53 18.25 14.55 15.85 19.15 19.45 19.75 20.05 20.36 16.51 16.82 17.13 17.44 17.75 18.06 18.17 18.65 18.99 19.30 19.62 19.91 20.24 20.56 20.87 21-19 19.74 20.0 70.19 20.71 21.04 71.37 21.69 22.02 72.52 22.96 20.48 20.82 21.16 21.50 21.84 27.18 27.64 72.99 23.35 23.70 21.23 21.5 21.04 22.79 21.45 23.91 74.18 24.55 21.99 22.15 22.72 23.09 31 32 33 34 35 24.2% 24.64 25.02 75.40 23.99 19.75 20.12 20.49 20.87 71.99 21.2 21.61 22.74 21.12 21.50 22.37 26.25 25.07 25.46 75.86 20.40 20.79 21.17 21.56 21.95 22.33 22.72 23.11 23.50 71.9 24.28 24.AA 26.70 27.11 22.65 21.06 21.46 21.85 22.25 25.07 25.44 25.98 26.79 23.06 23.46 23.66 24.26 74.67 25.46 26.29 26.70 27.17 27.54 27.97 21.72 22.13 22.54 24.19 24.61 25.03 25.44 22.95 23.37 23.78 27.52 27.96 28.39 28.83 22.38 22.80 23.23 23.65 24.08 24.51 24.94 25.36 25.79 25.21 26.66 27.09 36 37 38 39 40 41 42 43 44 45 23.04 23.48 23.92 24.35 24.80 25.24 25.68 26.12 26.57 27.01 27.46 27.90 28.35 29.80 79.25 29.70 23.70 24.16 27.14 27.80 29.26 2.77 24.18 29.64 10.10 30.57 24.61 25.06 25.51 25.97 26.42 26.85 29.06 29.51 30.01 30.96 28.11 30.49 11.44 28.59 27.17 27.64 26.24 26.70 24.37 25.77 24.84 25.30 29.87 30.36 30.85 29.36 31.34 31.93 32.32 28.99 27.92 28.41 27.44 25.04 26.96 25.52 26.00 26.48 25.71 26.20 26.70 27.19 27.69 28.18 25.08 29.18 29.68 30.18 30.69 31.19 31.68 32.19 32.69 33.20 32.01 32.52 33.04 34.08 30.97 31.49 13.56 30.46 29.44 29.95 28.92 26.39 28.41 26.59 27.40 27.91 32.31 12.84 31.17 31.90 34.44 31.25 31-79 34.97 27.06 27.58 29.15 29.67 30.19 30.72 28.10 28.62 33.13 32.04 32.58 33.67 34.22 34.76 35.31 35.86 27.74 30.42 30.96 31.50 28.27 28.81 29.34 29.88 33.95 35.63 16.19 36.76 31.72 12.28 31.30 34.51 35.07 32.83 31.17 30.62 29.52 28.42 28.97 30.07 36.50 36.77 17.09 17.66 35.35 35.92 33.06 33.63 34.20 29.11 31.36 31.92 32.49 30.79 29.67 30.23 46 32.10 47 45 69 50 33.26 33.84 34.43 35.01 32.68 31.52 29.79 30.36 30.94 30.48 31.07 31.66 32.25 32.84 33.44 34.03 34.63 35.23 35.83 35.42 36.03 36.65 32.98 33.59 34.20 14.AL 31.17 31.77 32.37 36.21 36.84 37.47 34.96 35.59 33.71 34.34 32.48 33.09 31.86 37.01 37.65 38.10 34.45 35.09 35.73 36-37 32.55 33.18 33.82 51 33.25 52 33.95 34.54 33.89 34.61 35.27 53 34.65 35.32 54 55 35.35 36.04 36.05 36.76 56 57 58 36.76 37.48 37.47 30.20 38.18 38.93 59 38.89 39.66 60 39.61 40.39 35.60 36.17 36.78 37.37 37.96 8.56 36.47 37.04 37.64 38.25 18.46 39.46 37.27 19.75 37.89 35.50 19.13 40.37 39.10 40.65 41.29 40.89 41.55 42.20 37.M1 38.46 39.17 39.79 40.45 41-11 41.78 $2.45 43.12 36.49 37.15 35.84 35.19 38.61 39.28 37.96 39.96 40.63 41.31 41-99 42.67 43.36 44.04 37.27 36.60 35.93 40.10 +0.79 41.48 47.17 42.47 43.57 44.27 44.97 36.00 36.68 37.36 38.04 38.72 39.41 40.92 41.63 42.33 43.04 43.75 44.47 45.18 45.90 37.42 38.12 38.82 39.52 40.22 36.73 39.60 40.31 41.03 41.74 42.47 43.19 43.91 44.64 45.37 46.10 46.83 38.8B 37.46 38. 17 44.05 44.79 45.53 46.27 47.02 47.77 39.65 40.38 41.11 41.84 42.57 43.31 38.20 38.92 AP. 71 39.68 40.42 +1.16 41.91 42.65 43.40 44.15 44.41 45.66 46.42 47.18 47.94 38.94 41.19 41.95 42.71 43.47 44.23 45.00 45.77 46.54 47.32 48.09 39.68 40.43 46.6% 47.42 48.719.01 49.80 50.60 42.76 41.96 43.51 44.29 45.07 45.85 40.42 41.19 50.73 47-51 $1.55 46.31 49.12 45.91 45.11 46.71 41.17 41.95 42.76 43.53 44.32 8.479.65 34.94 38, 74 19.59 40.24 39.37 40.01 49.92
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