1.

Mathematics

1 answer:

ratelena [41]3 years ago

7 0

Amount Financed: $2,650
Finance Charge: $484.69
Number of Payments: 36

(Finance Charge)/(Amount Financed)*100$=($484.69)/($2,650)*100$
(Finance Charge)/(Amount Financed)*100$=(0.1829)*100$
(Finance Charge)/(Amount Financed)*100$=$18.29

In the row of number of Payments 36, we look for:
(Finance Charge)/(Amount Financed)*100$=$18.29, and we see to which annual porcentage rate it corresponds in the first row

Answer: 11.25%

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