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Use the following information and the tables in the Business Math Handbook that accompanies the course textbook to answer the question. $140.10 per month Cash price: $5,600 Down payment: $0 Cash or trade
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Use the following information and the tables in the Business Math Handbook that accompanies the course textbook to answer the question.

$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%

User Letsnurture
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2 Answers

4 votes

Answer:

The answer is D. 17.25%-17.50%

Step-by-step explanation:

User Moroysn
by
5.9k points
4 votes
Answer is C. 16.75%–17.00%
User Naldo Lopes
by
6.1k points
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