Question: Watch the video and then answer the question given below. Click here to watch the video. Lucy needs a new roof on her house. The

Watch the video and then answer the questionWatch the video and then answer the question
Watch the video and then answer the question given below. Click here to watch the video. Lucy needs a new roof on her house. The cash cost is $8500. She decides to finance the project by paying 20% down, with the balance paid in 36 monthly payments of $205.34. Determine the finance charge. The finance charge is $ (Round to the nearest cent as needed.)Number Annual Percentage Rate of 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% payments (Finance charge per $100 of amount financed) 6 1.17 1.32 1.46 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 2.93 12 2.18 2.45 2.73 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 18 3.20 3.60 4.00 4.41 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 24 4.22 4.75 5.29 5.83 6.37 6.91 7.45 8.00 8.54 9.09 9.64 10.19 10.75 30 5.25 5.92 6.59 7.26 7.94 8.61 . 9.30 9.98 10.66 11.35 12.04 12.74 13.43 36 6.29 7.09 (7.90 8.71 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 48 8.38 9.46 10.54 11.63 12.73 13.83 14.94 (16.06) 17.18 18.31 19.45 20.59 21.74 60 10.50 11.86 13.23 14.61 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48

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