Jamie needs a new roof on her house. The cash cost is $$5000.$ She decides to finance the project by paying $6\mathrm{.}0\%$ down, with the balance paid in $18$ monthly payments of $$279.$

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.

APR Table

a$)$ The finance charge is $

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

$\backslash$table$[[\backslash$table$[[$Number of$],[$payments$]],\backslash$table$[[$Annual Percentage Rate Table for Monthly Payment Plans$],[$Annual Percentage Rate$]]],[4\mathrm{.}0\%,4\mathrm{.}5\%,5\mathrm{.}0\%,5\mathrm{.}5\%,\backslash$table$[[6\mathrm{.}0\%$