You are taking out a single-payment loan that uses the simple interest method to compute the finance charge. You need to figure out what your payment will be when the loan comes due. The equation to calculate the finance charge is: Fs = p In the equation, Fs is the finance charge for the loan. What are the other values? P is the principal amount of the loan. r is the stated annual rate of interest. t is the term of the loan in years You're borrowing $2,000 for a year and a half with a stated annual interest rate of 10%. Complete the following table. (Note: Round your answers to the nearest dollar.) $2,000 Principal Finance charge Total Payback APR = Average Annual Finance Charge Average Loan Balance Outstanding First, compute the average annual finance charge by dividing the total finance charge of $ by the life of the loan, which is a year and a half (1.5 years) = $ (Note: Round your answers to the nearest dollar). Next, as a single-payment loan, the average loan balance outstanding is constant at $2,000. Complete the calculation. (Note: Round your answers to the nearest dollar or whole percentage point.) APR = Average Annual Finance Charge Average Loan Balance Outstanding to o = % The stated interest rate and APR are because the: O O Loan is a single-payment loan Term of the loan is fewer than five years Cimolo interact method Cod to clausto finance charac