Find I. Choose the right answer. Amount Financed (m) = $1,100 Number of Payments per year (y) = 12 Number of Payments (n) = 18 Total Interest (c) = $88.18

A. 10.6%

B. 10.1%

C. 10.3%

Question

17 July, 01:21

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Mickey · Answer 1

B. 10.1%

(2) (12) ($88.18) : [ ($1100) (18+1) ]

(2,116.32) : (20,900)

= 0.1012

= 10.1%

Find I. Choose the right answer. Amount Financed (m) = $1,100 Number of Payments per year (y) = 12 Number of Payments (n) = 18 Total Interest (c) = $88.18A. 10.6%B. 10.1%C. 10.3%