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  3. calculate (a) the amount financed, (b) the total f

Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula....

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Finance

Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula. (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.)

Purchase price of a used car Down payment Number of monthly payments Amount financed Total of monthly payments Total finance charge APR
$5,433 $1,103 48 $4,330 $5,489.76 $1,159.76 %

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