Question: 26. You plan to purchase items for $900 and will finance the cost with a fixed installment loan. The seller tells you that you will

26. You plan to purchase items for $900 and will finance the cost with a fixed installment loan. The seller tells you that you will have to pay $40 per month for 36 months. a. What is the finance charge? b. What is the interest rate? (Round to the nearest hundredth)

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