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Enter ONLY a numerical answer rounded to the nearest cent. DO NOT include any other symbols, just numbers and the decimal. If any other notation
- Enter ONLY a numerical answer rounded to the nearest cent.
- DO NOT include any other symbols, just numbers and the decimal. If any other notation is entered, it will be marked incorrect.
A college student purchased a used car for $4000. He paid $600 down and then paid 18 monthly payments of $206.55.
A) Find the amount financed.
B) Find the finance charge.
C) Find the finance charge per $100 of the amount financed.
D) Determine the APR of the loan.
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