Question: hello, pls also include steps on financial calc. thanks in advance! with no money down). Camila is lower payment. Find the APR for each alternative.

hello, pls also include steps on financial calc. thanks in advance!

with no money down). Camila is lower payment. Find the APR for each alternative. What -5,6, p. 289 12. Calculating interest and APR of add-on loan. Timothy Lawrence plans to borrow $5,000 and to repay it in 36 monthly installments. This loan is being made at an annual add-on interest rate of 75 percent a. Calculate the finance charge on this loan, assuming that the only component of the finance charge is interest b. Use your finding in part (a) to calculate the monthly payment on the loan. c. Using a financial calculator, determine the APR on this loan. Confirm your result with a spreadsheet nurchase. Use Worksheet 7.2. Mariah Lane wants

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