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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