Chapter 7 Financial Planning Exercises Calculating the APR on simple interest and discount loans Find the finance charges on 6.7 percent, 18-month single-payment loan when interest is computed using the simple interest method assume that the loan amount requested is $1,000Round your answer to the nearestant Determine the AP in this case. Round your answer to two decimal places, Pind the finance charges on the same foon who interest is computed wing the discount method, Round your answer to the nearesto Determine the round your awer to two decina