Stephen purchased a diamond engagement ring for $3,000. His down payment was $500, and he made 24 monthly payments of $115.36. Find the APR from the table below. Annual Percentage Rate 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% Number of $8.00 $8.54 $9.09 Payments 24 $6.37 $6.91 $7.45 (Finance charge per $100 of amount financed) Annual Percentage Rate 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% Number of Payments 24 $9.64 $10.19 $10.75 $11.30 $11.86 $12.42 $12.98 (Finance charge per $100 of amount financed) 10.5%