Given:

$$140\mathrm{.}10$ per month; cash price $$5,600$; down payment $$0$

Cash or trade months with bank$-$approved credit; amount financed $$5,600$

Finance charge $$2,806$

Total payments $$8,406$

$($Use the tables in the handbook.$)$ The APR by table lookup is:

$17\mathrm{.}25-17\mathrm{.}50\%$

$16\mathrm{.}75\%$

$16\mathrm{.}50\%$

None of these

$17\mathrm{.}00\%$