Question: Enter ONLY a numerical answer rounded to the nearest cent. DO NOT include any other symbols, just numbers and the decimal. If any other notation

  • Enter ONLY a numerical answer rounded to the nearest cent.
  • DO NOT include any other symbols, just numbers and the decimal. If any other notation is entered, it will be marked incorrect.

A college student purchased a used car for $4000. He paid $600 down and then paid 18 monthly payments of $206.55.

A) Find the amount financed.

B) Find the finance charge.

C) Find the finance charge per $100 of the amount financed.

D) Determine the APR of the loan.

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