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Landon Wallin is an auto mechanic who wishes to start his own business. He will need $4200 to purchase tools and equipment. Landon decides to

Landon Wallin is an auto mechanic who wishes to start his own business. He will need

$4200

to purchase tools and equipment. Landon decides to finance the purchase with a

36-month

fixed installment loan with an APR of

4.5%.

a) Determine Landon's finance charge.

b) Determine Landon's monthly payment.

LOADING...

Click the icon to view the partial APR table.

a) Landon's finance charge is

$nothing.

(Round to the nearest cent as needed.)

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