Question: Use an annual percentage rate table to solve the problem. In order to make some home improvements, a home owner spent $24,000. He paid 10%

Use an annual percentage rate table to solve the problem. In order to make some home improvements, a home owner spent $24,000. He paid 10% as a down payment and financed the balance of the purchase with a 36-month fixed installment loan with an APR of 45% Determine the home owners total finance charge and monthly payment. Select one: a. Total finance charge = $1278.72: Monthly payment = $635.52 b. Total finance charge = $3074.40: Monthly payment = $752.07 c. Total finance charge $3710.88: Monthly payment = $703.08 d. Total finance charge = $1531.44: Monthly payment = $642.54

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