Register
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
124k views
2 votes
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
by
8.0k points

2 Answers

4 votes

Answer:

The answer is D. 17.25%-17.50%

Step-by-step explanation:

User Moroysn
by
8.2k points
4 votes
Answer is C. 16.75%–17.00%
User Naldo Lopes
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
The government’s involvement in economy serves what two purposes?
Link Copied!