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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

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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 $7,820 Down payment $0 Annual percentage rate 15.28% Deferred price $11,284.20 or 60 payments at $188.07 per month a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance change c. Calculate the APR by table lookup. (Use Table 14.1(a) and Table 14.1(b)) (Round your answers to 2 decimal places.) APR: between 1 % and % d. Calculate the monthly payment by formula. (Round your answer to the nearest cent.) Monthly payment by formula d. Calculate the monthly payment by formula (Round your answer to the nearest cent.) Monthly payment by formula e. Calculate the monthly payment by table lookup at 15.50%. (Use Table 14.2.) (Round your answer to the nearest cent.) Monthly payment by table lookup

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