Use the Annual Percentage Rate Table per $100 to calculate the estimated APR for each of the
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Question:
- Use the Annual Percentage Rate Table per $100 to calculate the estimated APR for each of the previous purchases.
| Sale price | Down payment | # of monthly payments | Monthly payment | Annual percentage rate |
| $300 | 24 | $58 | |
| $3,000 | 30 | $340 | |
| $4,700 | 48 | $1,500 | |
| $620 | 18 | $272 | |
| $82.50 | 12 | $67.45 |
Expert Answer:
To calculate the estimated APR for each of the previous purchases we can use the formula APR fracTot... View the full answer
Related Book For 
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
