Use the following information and the tables in the Business Math Handbook that accompanies the course textbook to answer the qu

Question

3 years ago

15

Use the following information and the tables in the Business Math Handbook that accompanies the course textbook to answer the qu

estion.
$140.10 per month
Cash price: $5,600
Down payment: $0
Cash or trade months with bank-approved credit; amount financed: $5,600 Finance charge: $2,806
Total payments: $8,406
What is the APR by table lookup?

A. 16.50%–16.75%
B. 17.00%–17.25%
C. 16.75%–17.00%
D. 17.25%–17.50%

Business

2 answers:

trasher [3.6K] · Answer 1 · 2022-03-03T01:01:57+03:00

trasher [3.6K]3 years ago

5 0

<span>Answer is C. 16.75%–17.00% </span>

kaheart [24] · Answer 2 · 2022-03-03T03:07:21+03:00

kaheart [24]3 years ago

5 0

Answer:

The answer is D. 17.25%-17.50%

Explanation: