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%
U just need to turn the diagram to the way you can understand it
(8.6 x 108) x (3.2 x103
place them in order
(8.6 x 3.2) x (108 x 103)
27.52 x (108 x 103)
27.52 x 11124
That is your answer to this question.
Answer: hope you get some help
Step-by-step explanation: