Question: I need typed answer with explanation. Don't use AI BOT. Don't give the Direct answer give explanation how to get answer. I will thumb up.

I need typed answer with explanation. Don't use AI BOT. Don't give the Direct answer give explanation how to get answer. I will thumb up.

Jamie needs a new roof on her house. The cash cost is $5900 . She decides to finance the project by paying 14.0 % down, with the balance paid in 12 monthly payments of $438. Round to nearest cent.

a) What finance charge will Jamie pay?

b) What is the APR to the nearest half percent?

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