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Lee Remick read the following partial advertisement: price, $22,500; down payment, $1,000 cash or trade; and $399.99 per month for 60 months. a. Calculate the

Lee Remick read the following partial advertisement: price, $22,500; down payment, $1,000 cash or trade; and $399.99 per month for 60 months.

a. Calculate the total finance charge. (Round your answer to the nearest cent.)

b. Calculate the APR by formula. (Round your answer to the nearest hundredth percent.)

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