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Jack Fitzgerald wishes to purchase a used car that has a cash price of$11,000. The installment terms include a down payment of $4,000 and 36

Jack Fitzgerald wishes to purchase a used car that has a cash price of$11,000. The installment terms include a down payment of $4,000 and 36 monthly payments of $225.

a) What finance charge will Jack pay?b) What is the APR to the nearest half percent?

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