Jamie needs a new roof on her house. The cash cost is $$5800.$ She decides to finance the project by paying $8\mathrm{.}0\%$ down, with the balance paid in $18$ monthly payments of $$318.$

a$)$ What finance charge will Jamie pay?

b$)$ What is the APR to the nearest half percent?

Click the icon to view the APR table.

a$)$ The finance charge is $9$

b$)$ The APR is $\%.$

APR Table