The lowest term for 20/24 is 5/6
A) The amount financed is the purchase amount less the down payment.
$2,574.54 -574.54 = $2000.00
B) The finance charge is the total of payments less the amount financed.
18*$121.00 -2000.00 = $178.00
C) The APR is calculated by a financial calculator to be 10.96%.
Answer:
cant see from the light retake the photo
Step-by-step explanation: