Kevin bought a new home theater system for S5020. He signed a loan agreement to make 42 monthly payments of $155 each month. What is the APR on the loan? What is the APY on the loan? Keep

four decimal places in your

answers.

3 Kevin bought a new home theater system for $5020. He signed a loan agreement to make 42 monthly payments of $155 each month. What is the APR on the loan? What is the APY on the loan? Keep four decimal places in your answers. Show your work and highlight your final answers N VY PV PMT FV For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac) BIUS Paragraph V Arial EEV A Y 2 IX *** P O WORDS POWERED BY TINY Moving to another question will save this response. Question 2 of 10 20 888 E R 55 5 T 6 V Y 10pt MacBook Pro & 7 U > 8 I 9 0 P 14 o 33 { } (3) 3 Kevin bought a new home theater system for $5020. He signed a loan agreement to make 42 monthly payments of $155 each month. What is the APR on the loan? What is the APY on the loan? Keep four decimal places in your answers. Show your work and highlight your final answers N VY PV PMT FV For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac) BIUS Paragraph V Arial EEV A Y 2 IX *** P O WORDS POWERED BY TINY Moving to another question will save this response. Question 2 of 10 20 888 E R 55 5 T 6 V Y 10pt MacBook Pro & 7 U > 8 I 9 0 P 14 o 33 { } (3)