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FinanceQ&A LibraryCalculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) Amount Financed Number of Payments Monthly Payment Finance Charge Finance Charge per $100 APR $50,000 60 $1,176.33 $ $ %Start your trial now! First week only $4.99!*arrow_forward*

Question

Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.)

Amount Financed |
Number of Payments |
Monthly Payment |
Finance Charge |
Finance Charge per $100 |
APR |
---|---|---|---|---|---|

$50,000 | 60 | $1,176.33 | $ | $ | % |

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