Use the table. Joseph Alexander obtain an installment loan of $1500 He agreed to repay the loan in 18 monthly payments.

The finance charges one $146.25 what is the APR?

Amos Howard Obtained an installment loan for $800 to pay for a home repair. He agreed to repay the loan is six monthly payments. The finance charge is $24.64. Where is the APR?

Susan Arnold obtained A 24 month loan for $850

Pay for a new computer. The banks finance is $96.22. What is the APR?

10. Use Figure 8.3. Joseph Alexander obtained an installment loan of $1,500. He agreed to repay the loan in 18 monthly payments. The finance charge is $146.25. What is the APR? a. 12.00% c. 10.75% b. 11.00% d. 10.25% 1. Use Figure 8.3. Amos Howard obtained an installment loan for $800 to pay for a home repair. He agreed to repay the loan in six monthly payments. The finance charge is $24.64. What is the APR? a. 10.00% c. 10.50% b. 10.25% d. 11.00% - Use Figure 8.3. Susan Arnold obtained a 24-month loan for $850 to pay for a new computer. The bank's finance charge is $96.22. What is the APR? a. 11.25 % c. 10.00% b. 10.75% d. 10.50% 8.3. Use this table with the question(s) below, as needed 11.25 11.50 10.00 APR Term % 10.25 % 10.50% 10.75% 11.00% 11.75% 12.00% 12 25% 6 $2.94 $3.01 Finance Charge por $100 of Amount Financed $3.08 $3.16 $3.23 $3.31 $3.38 $3.45 $3.53 $3.60 12 5.50 5.64 5.78 5.92 6.06 6.20 6.34 6.48 6.62 6.76 18 8.10 8.31 8.52 8.73 8.93 9.14 9.35 9.98 9.56 9.77 24 10.75 11.02 11.30 13.26 11.58 12.98 11.86 12.14 12.42 12.70