E Homework: 12.1 HW

Question list O Question 1 O Question 2 O Question 3 O Question 4 O Question 5 O Question 6 O Question 7 Homework: 12.1 HW < Question 7, 12.1.17 > 10.75% 11.00% 11.25% 11.50% 11.75% 12.00% 12.25% 12.50% HW Score: 0%, O of 7 points O Points: 0 of 1 Save Jim Meriweather purchased an engraving machine for $21 ,000 and financed it for 36 months. The total finance charge was $3,648. Use the table of interest per $100 to find the annual percentage rate. Click the icon to view the table of interest per $100 of amount financed. 00/0. (Type an integer or a decimal.) The annual percentage rate is x Data Table Number of monthly payments 35 36 37 16.94 17.43 17.93 17.35 17.86 18.37 17.77 18.29 18.81 18.18 18.71 19.25 APR (Annual Percentage Rate) 18.60 19.01 19.43 19.85 19.14 19.57 20.00 20.43 19.69 20.13 20.58 21.02 Print 12.75% 20.27 20.87 21.46 13.00% 20.69 21.30 21.91 Done 13.25% 21.11 21.73 22.36 13.50% 21.53 22.17 22.81 13.75% 21.95 22.60 23.25