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You are interested in ordering the thinnest laptop MacBook Air, which has a price tag of $1,799. You can also use Apple's financing plan with

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You are interested in ordering "the thinnest laptop" MacBook Air, which has a price tag of $1,799. You can also use Apple's financing plan with monthly pay of $43 for the next 67 months, with $0 down payment and the first payment due in one month. What is the effective annual rate for the Apple financing plan? 0 Choose one of the following answers 1.52% 16.25% 18.25% 19.85%

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