Question: I just need APR - I do not know how to find Calculate (a) the amount financed, (b) the total finance charge, and (c) APR

I just need APR - I do not know how to findI just need APR - I do not know how to find

Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula. (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) APR Purchase price of a used car $ 5,653 Down payment $ 1,213 Number of monthly payments 48 Amount financed $ 4,440 Total of monthly payments $ 5,709.76 Total finance charge $ 1,269.76 %

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!