Question
Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the
Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1 (Links to an external site.). (Round dollar amounts to the nearest cent.)
| Amount Financed | Number of Payments | Monthly Payment | Finance Charge | Finance Charge per $100 | APR |
|---|---|---|---|---|---|
| $17,990 | 48 | $562.47 | $ | $ |
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Management Accounting Information For Decision Making
Authors: Anthony A. Atkinson
7th Edition
1618533517, 9781618533517
