Ellen Taylor is thinking of buying a home for $$113,000.$ A potential lender advertises an $80\%,$ thirty$-$year simple interest amortized loan at

$10$

$3$

$4$

$\%$

interest, with an APR of $11\mathrm{.}57\%.$ Use the APR to approximate the fees included in the finance charge. $($Round your answer to the nearest cent.$)$

$

$13,036\mathrm{.}11$

Incorrect: Your answer is incorrect.Ellen Taylor is thinking of buying a home for $$113,000.$ A potential lender advertises an $80\%,$ thirty$-$year simple interest amortized loan at

$10\frac{3}{4}\%$ interest, with an APR of $11\mathrm{.}57\%.$ Use the APR to approximate the fees included in the finance charge. $($Round your answer to the

nearest cent.$)$

$

Need Help?