Question: I need help figuring out the formula to find the percentage for APR. I've tried rounding below and above 7.5%( 7.4% & 7.6%) but my
Calculate () the amount financed. (b) the total finance charge, and (c) APR by formulo. (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Purchase price of a used car 5.833 APR Down payment 1,303 Answer is complete but not entirely correct. Amount Total of monthly Total finance financed payments charge S 4.530 $ 5,889.76 $ 1,359.76 Number of monthly payments 48 S 7.5 %
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