HELP PLS HURRY
You're borrowing $4,000 for a year and a half with a stated annual interest rate of 10%. Complete the following table. (Note: Round your answers to the nearest dollar.) Annual Percentage Rate (APR) You also want to calculate the APR (annual percentage rate) and compare it to the stated interest rate. First, compute the average annual finance charge by dividing the total finance charge by the life of the loan, which is a year and a half (1.s years). Enter this value in the following equation. (Note: Round your answers to the nearest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at the Enter the value for the average ioan balance outstanding in the following eguation. Finall tion for APR and enter it in the folloiving equation. (Note: Round your answers to the nearest dollar and your percentag wo decirrat placesa) You're borrowing $4,000 for a year and a half with a stated annual interest rate of 10%. Complote the following table. (Note: Round your answers to the nearest doilar.) Annual Percentage Rate (APR) You also want to calculate the APR (annual percentage rate) and compare it to the stated interest rate. First, compute the average annual finance charge by dividing the fotal finance charge by the life of the loan, which is a year and a half (1. 5 years). Enter this value in the following equation. (Note: Round your answers to the nearest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at the Enter the value for the average ioan balance outstanding in the following equation, Finall ition for APR and enter it in the following equation. (Note: Round your answers to the nearest dollar and your percentag (wo decimal places.) Enter this value in the following equation. (Note: Round your answers to the noarest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at the Enter the value for the average loan balance outstanding in the following equation. Finally, complete the calculation for APR and enter it in following equation. (Note: Round your answers to the nearest dollar and your percentage point to the nearest two decimal places.) APR = Average Annual Finance Charge / Average Loan Balance Outstanding The APR is the stated interest rate because the I was used to calculate finance charges payment loan pute finance charges is the same for the discount and simple interest methods Term of the loan is more than six months Enter this value in the following equation. (Note: Round your answers to the nearest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at the Enter the value for the average ioan balance outstanding in the following equation. Finally, complete the calculation for APR and enter it in the following equation. (Note: Round your answers to the nearest dollar and your percentage point to the nearest two decimal places.) APR - Average Annual Finance Charge / Average Loan Balance Outstanding The APR is the stated interest rate because the Discount method was used to calculate finance charges Loan is a single-payment loan Formula to compute finance charges is the same for the discount and simple interest methods Term of the loan is more than six months You're borrowing $4,000 for a year and a half with a stated annual interest rate of 10%. Complete the following table. (Note: Round your answers to the nearest dollar.) Annual Percentage Rate (APR) You also want to calculate the APR (annual percentage rate) and compare it to the stated interest rate. First, compute the average annual finance charge by dividing the total finance charge by the life of the loan, which is a year and a half (1.s years). Enter this value in the following equation. (Note: Round your answers to the nearest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at the Enter the value for the average ioan balance outstanding in the following eguation. Finall tion for APR and enter it in the folloiving equation. (Note: Round your answers to the nearest dollar and your percentag wo decirrat placesa) You're borrowing $4,000 for a year and a half with a stated annual interest rate of 10%. Complote the following table. (Note: Round your answers to the nearest doilar.) Annual Percentage Rate (APR) You also want to calculate the APR (annual percentage rate) and compare it to the stated interest rate. First, compute the average annual finance charge by dividing the fotal finance charge by the life of the loan, which is a year and a half (1. 5 years). Enter this value in the following equation. (Note: Round your answers to the nearest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at the Enter the value for the average ioan balance outstanding in the following equation, Finall ition for APR and enter it in the following equation. (Note: Round your answers to the nearest dollar and your percentag (wo decimal places.) Enter this value in the following equation. (Note: Round your answers to the noarest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at the Enter the value for the average loan balance outstanding in the following equation. Finally, complete the calculation for APR and enter it in following equation. (Note: Round your answers to the nearest dollar and your percentage point to the nearest two decimal places.) APR = Average Annual Finance Charge / Average Loan Balance Outstanding The APR is the stated interest rate because the I was used to calculate finance charges payment loan pute finance charges is the same for the discount and simple interest methods Term of the loan is more than six months Enter this value in the following equation. (Note: Round your answers to the nearest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at the Enter the value for the average ioan balance outstanding in the following equation. Finally, complete the calculation for APR and enter it in the following equation. (Note: Round your answers to the nearest dollar and your percentage point to the nearest two decimal places.) APR - Average Annual Finance Charge / Average Loan Balance Outstanding The APR is the stated interest rate because the Discount method was used to calculate finance charges Loan is a single-payment loan Formula to compute finance charges is the same for the discount and simple interest methods Term of the loan is more than six months