Question: please answer b using the apr table thank u !! For the following loan, find (a) the finance charge and (b) the APR. Use the
please answer b using the apr table thank u !! For the following loan, find (a) the finance charge and (b) the APR. Use the accompanying table to find the APR to the nearest 0.5% 1 Margey bought a new horse trailer for $6100. She paid $1500 down and paid the remainder at $268 per month for 13 years Click the icon to view the annual percentage rate table (a) The finance charge is SL (Round to the nearest dollar as needed) 4.0% 4.5% 2.73 2.94 Number of Monthly Payments (n) 6 12 18 24 30 36 48 60 Annual Percentage Rate (APR) for Monthly Payment Loans Annual Percentage Rate (APR) 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% Finance Charge per $100 of Amount Financed (h) 1.46 161 1.76 190 205 220 2.35 249 264 2.79 3.08 3.23 3.38 353 3.00 3.28 356 383 4 11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 662 4.00 482 5.22 5.63 604 6.45 6.86 7.28 8.10 8.52 893 9.35 9.77 5.29 583 6 37 6.91 745 8.00 855 9.09 9 64 10.19 10.75 11.30 11.86 12.42 12.98 6.59 729 8 61 9.30 9.98 10 66 11.35 1204 12.74 13.43 14.13 14.8315.54 16.24 7.90 8.71 9.52 10.34 11 16 11.98 1281 1364 14.48 15.32 16.16 17.01 1786 18.71 19.57 1054 1163 1273 13 83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 22.90 24 06 25 23 26 40 13 23 1461 16.00 17 40 18.81 20 23 21 66 23 10 24 55 26.01 27 48 28.96 30 45 31.96 33 47 4.41 1.17 132 2.18 245 320 3.60 4.22 4.75 5.25 5.92 6,29 709 8.38 9.46 10.50 11.86 7.69 794
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