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I need help figuring out the formula to find the percentage for APR. I've tried rounding below and above 7.5%( 7.4% & 7.6%) but my
I need help figuring out the formula to find the percentage for APR. I've tried rounding below and above 7.5%( 7.4% & 7.6%) but my answer when I check is still marking it as wrong. Is there a specific formula I should be following or a formula I could plug into excel? Thank you!
I need help figuring out the formula to find the percentage for APR. I've tried rounding below and above 7.5%( 7.4% & 7.6%) but my answer when I check is still marking it as wrong. Is there a specific formula I should be following or a formula I could plug into excel? Thank you!
Calculate () the amount financed. (b) the total finance charge, and (c) APR by formulo. (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Purchase price of a used car 5.833 APR Down payment 1,303 Answer is complete but not entirely correct. Amount Total of monthly Total finance financed payments charge S 4.530 $ 5,889.76 $ 1,359.76 Number of monthly payments 48 S 7.5 % Step by Step Solution
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