Ramon Hernandez saw the following advertisement for a used Volkswagen Bug and decided to work out the numbers to be sure the ad had no errors.

Cash price $7,780

Down payment $0

Annual percentage rate 12.78%

Deferred price $10,620.00 or 60 payments at $177 per month

A. calculate the amount financed

Amount finance $_______

B. Calculate the finance charge

Finance change $_______

C. Calculate the APR by table lookup

APR: between_____% and ______%

D. Calculate the monthly payment by formula.

Monthly payment by formula $_________

E. Calculate the monthly payment by table lookup At 13.00%

Monthly payment by table lookup $________