Business

3 May, 07:48

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%

+5

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