4.32 4.76 4.75 5.23 4.85 5.35 5.07 5.58 5.17 5.70 5. 39 5. 94 4.43 4.96 5.28 5.82 5.49 4.21 4.64 4.53 4.64 4.88 4. 99 5.11 5.46 6.05 5. 20 5. 64 6.08 6.52 6.97 5.71 6.20 6.68 7.17 5.97 6.48 6.99 7.50 8.01 5.84 6.34 6.10 6.62 7.14 6.23 5.07 5.50 5.93 6.36 6.80 5.33 5.78 6.23 5.45 5. 92 6.38 6. 85 7.32 6.36 6.90 1.44 6.49 7.04 7.59 8.15 8.71 6.62 7.1 7.7 8.31 5.58 6.06 6.76 6.53 7.01 7.29 7.82 6.84 १.११ 7.34 7.84 6.69 7.66 7.14 7.49 7.66 8.19 8.36 8.53 8.8 7.78 8.25 8.73 9.20 9.67 8.71 9.24 9.77 10.30 10.83 8.90 9.44 9.98 10.52 11.06 9.08 9.63 10.19 10.74 11.30 9.27 7.60 8.06 8.52 8.98 7.97 8.45 8.93 9.42 9.90 8.15 8.65 9.14 9.64 8.53 9.04 9.56 10.08 9.4e 1.23 7.67 8.10 7.41 7. 86 8. 31 8.76 9.21 8.34 8.84 9.35 9.86 10.13 10.37 10.60 10.03 10.61 11.18 11.76 9.83 10.40 8.54 10.96 8.98 9.44 11.53 10.8A 11.12 11.36 11.61 11.85 12.10 12.34 9.42 9.86 10.30 10.75 १.१० 10.15 10.39 10.88 11.37 11.86 12.35 10.63 11.13 11.63 12.14 12.42 12.70 12.64 12.93 13.22 13.52 9.66 11.39 11.90 11.90 12.44 12.१8 12.16 12.71 12.97 13.26 13.81 12.41 12.67 13.24 13.82 14.40 12.9 13.51 14.10 14.6 10.12 10.37 10. 62 10.57 10.84 11.10 11.58 12. 06 11.64 12.17 11.02 11.30 11.77 13.54 14.10 11.19 11.48 14.67 15.24 13.45 13.97 14.49 15.01 14.83 15.19 15.54 15.89 14.06 14.36 14.97 15.56 16.14 16.72 17.01 17.31 17.66 15.21 11.64 11.94 12.24 12.54 12.71 13.03 13.18 13.51 14.00 14.13 14.48 12.85 13.34 13.15 13.66 14.16 14.67 13.75 12.09 12.53 12.१8 14.29 14.82 15.35 14.60 14.92 15.8 12.40 12.86 13. 32 13.43 13.78 15.15 15.70 16.24 13.84 15.48 15.81 16.47 16.04 16.60 16.38 16.95 13.66 14.33 16.06 16.59 17.12 17.25 17.65 17.35 17.77 18.18 16.79 17.16 17.53 17.73 18.29 18.69 18.86 19.43 19.85 20.27 17.90 18.49 14.61 15.09 15.57 15.65 16.05 16.53 14.97 15.46 15.33 15.70 16.21 16.73 16.43 16.97 17.51 18.05 18.60 18.2 13.89 14.25 14.34 14.79 15.25 15.70 18.11 18.87 19.4 20.08 20.69 14.71 15.84 17.35 16.34 16.85 17.90 1A.46 19.01 15.18 19.O8 15.95 16.44 16. 94 19.27 1१.67 16.11 17.86 18.37 18.88 19.39 1१.१0 1१.57 20.00 20.13 20.69 21.26 21.82 20. 87 21.46 22.07 27.67 23.27 21.30 21.91 22.52 18.29 18.71 1१.25 19.14 16.16 16.62 17.08 16. 58 17.01 17.06 17.53 18.00 18.48 17.43 17.93 18.43 18. 93 19.43 20.43 21.02 21.61 22.20 22.79 18.81 19.69 20.24 20.79 21.34 20.58 17.49 17.98 18.46 18.95 1१.33 19.86 19.78 21.15 20.32 20.86 21.73 22.30 23.14 23.76 17.54 18.00 20.38 1৪. १5 19.44 LO 01 21.40 21.89 22.39 22. AB 23.3A 23.88 24.3F 18.47 19.93 20.42 20.91 124E 32 04 2141 26 49 25 00
4.32 4.76 4.75 5.23 4.85 5.35 5.07 5.58 5.17 5.70 5. 39 5. 94 4.43 4.96 5.28 5.82 5.49 4.21 4.64 4.53 4.64 4.88 4. 99 5.11 5.46 6.05 5. 20 5. 64 6.08 6.52 6.97 5.71 6.20 6.68 7.17 5.97 6.48 6.99 7.50 8.01 5.84 6.34 6.10 6.62 7.14 6.23 5.07 5.50 5.93 6.36 6.80 5.33 5.78 6.23 5.45 5. 92 6.38 6. 85 7.32 6.36 6.90 1.44 6.49 7.04 7.59 8.15 8.71 6.62 7.1 7.7 8.31 5.58 6.06 6.76 6.53 7.01 7.29 7.82 6.84 १.११ 7.34 7.84 6.69 7.66 7.14 7.49 7.66 8.19 8.36 8.53 8.8 7.78 8.25 8.73 9.20 9.67 8.71 9.24 9.77 10.30 10.83 8.90 9.44 9.98 10.52 11.06 9.08 9.63 10.19 10.74 11.30 9.27 7.60 8.06 8.52 8.98 7.97 8.45 8.93 9.42 9.90 8.15 8.65 9.14 9.64 8.53 9.04 9.56 10.08 9.4e 1.23 7.67 8.10 7.41 7. 86 8. 31 8.76 9.21 8.34 8.84 9.35 9.86 10.13 10.37 10.60 10.03 10.61 11.18 11.76 9.83 10.40 8.54 10.96 8.98 9.44 11.53 10.8A 11.12 11.36 11.61 11.85 12.10 12.34 9.42 9.86 10.30 10.75 १.१० 10.15 10.39 10.88 11.37 11.86 12.35 10.63 11.13 11.63 12.14 12.42 12.70 12.64 12.93 13.22 13.52 9.66 11.39 11.90 11.90 12.44 12.१8 12.16 12.71 12.97 13.26 13.81 12.41 12.67 13.24 13.82 14.40 12.9 13.51 14.10 14.6 10.12 10.37 10. 62 10.57 10.84 11.10 11.58 12. 06 11.64 12.17 11.02 11.30 11.77 13.54 14.10 11.19 11.48 14.67 15.24 13.45 13.97 14.49 15.01 14.83 15.19 15.54 15.89 14.06 14.36 14.97 15.56 16.14 16.72 17.01 17.31 17.66 15.21 11.64 11.94 12.24 12.54 12.71 13.03 13.18 13.51 14.00 14.13 14.48 12.85 13.34 13.15 13.66 14.16 14.67 13.75 12.09 12.53 12.१8 14.29 14.82 15.35 14.60 14.92 15.8 12.40 12.86 13. 32 13.43 13.78 15.15 15.70 16.24 13.84 15.48 15.81 16.47 16.04 16.60 16.38 16.95 13.66 14.33 16.06 16.59 17.12 17.25 17.65 17.35 17.77 18.18 16.79 17.16 17.53 17.73 18.29 18.69 18.86 19.43 19.85 20.27 17.90 18.49 14.61 15.09 15.57 15.65 16.05 16.53 14.97 15.46 15.33 15.70 16.21 16.73 16.43 16.97 17.51 18.05 18.60 18.2 13.89 14.25 14.34 14.79 15.25 15.70 18.11 18.87 19.4 20.08 20.69 14.71 15.84 17.35 16.34 16.85 17.90 1A.46 19.01 15.18 19.O8 15.95 16.44 16. 94 19.27 1१.67 16.11 17.86 18.37 18.88 19.39 1१.१0 1१.57 20.00 20.13 20.69 21.26 21.82 20. 87 21.46 22.07 27.67 23.27 21.30 21.91 22.52 18.29 18.71 1१.25 19.14 16.16 16.62 17.08 16. 58 17.01 17.06 17.53 18.00 18.48 17.43 17.93 18.43 18. 93 19.43 20.43 21.02 21.61 22.20 22.79 18.81 19.69 20.24 20.79 21.34 20.58 17.49 17.98 18.46 18.95 1१.33 19.86 19.78 21.15 20.32 20.86 21.73 22.30 23.14 23.76 17.54 18.00 20.38 1৪. १5 19.44 LO 01 21.40 21.89 22.39 22. AB 23.3A 23.88 24.3F 18.47 19.93 20.42 20.91 124E 32 04 2141 26 49 25 00
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
Transcribed Image Text:TABLE 13 -1
Annual Percentage Rate (APR) Finance Charge per $100
ANNUAL PERC ENT AGE RAT E TABLE FOR MONTHLY PAYMENT PLANS
SEE I NSTRUCTI ONS FOR USE OF TABLES
FRB-103-M
ANNU AL PERCENT AGE RATE
NUMBER
OF
PAYMENTS 10.00% 10.25% 10.50% 10. 75% 11.00% 11.25% 11.50% 11.75% 12.00% 12.25% 12.50% 12.75% 13.00% 13.25% 13.50% 13.75%
(FI NA NCE CHARGE PER $100 OF AMOUNT FINANCED)
0. 90
1.35
1.80
2.25
0.92
1.38
1.84
2.30
2.17
1.02
1.53
2.05
1.10
1.66
2.22
2.78
3.34
0.98
1.47
1.00
1.50
2.01
2.51
3.02
1.04
1.57
2.09
2.62
3.15
1.06
1.60
2.13
2.67
3.21
1.08
1.63
2.17
2.72
1.12
1.69
2.26
2.83
0.96
0.83
1.25
1.67
2.09
2.51
0.85
1.28
1.71
0.87
1.31
1.76
2.20
2.64
0.94
1.41
1.88
2.35
2.83
1.44
1.92
2.41
2.89
1.96
2.46
2.96
1.15
1.72
2.30
2.88
3.46
2.14
2.57
2.58
2.70
3.08
3.27
3.40
3.38
3.87
4.36
4.85
5.35
3.53
4.04
4.55
5.07
5.58
3.68
4.21
3.75
4.29
3.83
4.38
3.08
3.53
3.98
4.43
4.88
3.23
3.70
4.17
3.31
3.78
3.45
3.95
3.60
4.12
3.90
3.97
4.05
2.94
3.36
3.79
4.21
4.64
3.01
3.45
3.88
4.32
4.76
3.16
3.62
4. 07
4.53
6
7
4.47
5.03
5.60
4.55
5.13
5.71
6.29
4.64
4.26
4.75
5.23
4.46
4.96
5.46
4.65
5.17
5.70
4.74
5.28
5.82
4.84
5. 39
5.94
4.94
5.49
6.05
5.22
5. 82
9
4.64
10
4.99
5.11
6.17
6.41
5. 20
5. 64
6.10
6.62
7.14
7.66
8.19
6.36
6.90
1.44
7.99
8.53
5.84
6.34
6.23
6.76
7.29
7.82
6.49
7.04
7.59
8.15
8.71
6.62
7.18
7.75
8.31
8.88
6.75
7.32
7. 90
8.48
7.01
7.60
8.20
5.07
5.45
5.58
6.06
6.53
5.71
6.20
6.68
7.17
5.97
6.88
7.46
8.05
8.64
9.23
11
12
13
5.33
5.78
5.50
5. 92
6.48
6.23
6.69
7.14
6.99
7.50
8.01
5.93
6.08
6.38
6.84
6. 85
7. 32
7.01
7.49
8.81
9.41
7.34
6.52
6.97
14
6.36
15
6.80
7.66
1.84
8.36
9.06
8.53
9.04
9.56
8.71
9.24
9.77
9.27
9.83
10. 40
10.96
9.46
10.03
10.61
9.64
10.73
10. 82
11.18 11.41
11.76 12.00 12.23
1.23
7.67
7.60
8.06
8.52
8.34
8.84
9.35
8.90
9.08
9.63
10.19
9.83
7.41
7. 86
8. 31
8.76
9.21
7.78
8.25
8.73
9.20
9.67
7.97
8.45
8.93
9.42
9.90
8.15
8.65
9.14
9.64
10.13
10.02
10.63
11.24
11.85
12.46
16
17
18
19
20
8.10
8.54
9.44
9.98
10.52
10.43
11.03
11.63
9.86
10.74
10.08
10.60
8.98
10.30
8.98
9.44
10.37
10.83
11.06
11.30
11.53
11.85
10.39 10.63 10.88 11.12
10.88 11.13 11.39 l1.64
11.37 11.63 11.90 12.17
11.30 11.58 11.86 12.14 12.42 12.70
11.77 12.06 12.35 12.64 12.93 13.22
10.15
10.62
11.10
11.36
11.90
12.44
12.98
13.52
13.08
13. 70
14.32
14.95
15.57
11.61
12.10
12.67 12.93 13.19 13.44
13. 24 13.51 13.78 14.05
13.82 14.10 14.38 14.66
14.40 14. 69 14.98 15.28
21
12.34 12.59 12.84
9.42
9.86
9.66
10.12
9.90
10.37
10.84
12.16 12.4 1
12.71 12.97
13.26 13.54
13.81
22
23
10.30
10.75
10.57
24
11.02
25
11.19
11.48
14.10
16.20
16.83
17.46
18.10
11.94
12.85 13.15 13.45
13.75
14.06
14.60
15.15
15.70
16.24
14.36
26
27
28
29
30
11.64
12.09
12.53
12.98
13.43
12.24 12. 54
12.71 13.03 13.34 13.66 13.97 14.29
13.18 13. 51 13.84 14.16 14.49 14.82
13.66 14. 00
14.13 14.48 14.83 15.19 15.54 15.89
14.67
15.24
15.81
16.38
14.97 15.28 15.59 l5.89
15.56 15.87 16.19 16.51
17.13
14.92
12.40
12.86
13. 32
13.78
15.48
16.04
16.60
16.14 16.47 16.80
16.72 17.07 17,41
17.31 17.66 18. 02
17.75
18.38
14.33 14.67 15.01 15.35
16.95
18.74
16.79
17.35
17.53
18.11
18.69
19.27
16.06
16.59
16.43
16.97
17.51
17.16
17.73
17.90
18.49
19.00
19.63
20.26
18.27
18.63
19.25
19.87
20.49 20.90
21.11
31
32
33
13.89
14.34
14.79
15.25
15.70
14.25
14.71
15.18
14.61
15.09
15.57
14.97
15.46
15.95
15.33 15.70
15.84
16.34
16.21
16.73
17.25
17.77 18.18
19.38
20.02
18.87
17.12
17.65
19.47
20.08
20.69
17.90
18.29
19.08
18.46
19.01
18.86
19.43
19.67
20.27
20.66
21.31
21.95
34
15.65
16.05 16.44 16.85
18.05
35
16.11
16.53 16. 94 17.35
18.60
19.85
21.53
18.29 18,71 19.14
19.69
20.24
20.79
20.87
21.46
22.07
27.67
17.01
17.49
19.57
20.13
20.00
20.58
20.43
21.02
21.73
22.36
21.30
22.60
23.25
17.43
17.93
18.43
18. 93
19.43
17.86
18.37
22.17
22.81
36
37
38
16.16
16.62
17.08
17.54
18.00
16.58
17.06
17. 53
18.00
18.48
21.91
18.81
19.33
19.86
20.38
19.25
20.69
21.26
21.15
21.61
22.52
22.99
23.45
24.09
23.91
24.56
25.22
18.88
19.78
20.32
17.98
23.14
23.76
23.61
24.25
21.73
22.20
22.19
39
18.46
19.39
40
18.95
19.90
20.86
21.34
21.82
22.30
23.27
24.73
19.93
20.43
20.42
20.93
21.45
22. 88
23.47
24.05
23.3A
23.98
24.57
25.17
25.77
24.38
24.88
25.51
26.15
25.3 A
26.03
26.6A
20.91
21.40
21.89
22.39
23.88
24.49
25.10
25.88
18.47
18.93
18.95
19.44
41
42
19.43
19.91
20.39
20.87
26.55
27.21
27.88
28.55
25.00
19.93
20.42
20.91
21.41
21.44
21.94
22.49
23.03
23.58
22.45
23.01
23.57
24.12
22.96
25.62
26.25
26.88
43
21.97
23.53
19.40
19.86
20.33
20.94
24.10
24.67
25.71
26.32
24.64
21.44
21.95
26.79 27.33
27,43
44
21.97
22.50
45
22.49
23.03
25.22
27,99
23.57
24.10
27.51
2A.14
28.77
25.25
25.81
26.40
26.37
26.98
27.58
26.94
27.56
2R.18
28.80
28.08
28. 72
29.37
2A.65
29.31
29.97
30.63
31.29
29.22
29.89
30.57
31.24
31.92
20.80
21.35
21.83
22.32
21.90
22.40
22.90
24.13
24.68
25.23
25.78
24.69
25.25
25.81
46
22.46
23.01
22.97
23.53
25.82
26.40
47
21.27
21.74
22.21
23.48
23.99
24.50
24.06
24.64
26.99
48
49
24.58
25.11
28.19
28.80
22.80
23.39
25.18
26.38
26.98
27.59
29.41
30.02
50
22.69
23.29
23.89
25.12
26.33
26.95
27.56
28.18
29.42
30.04
30.67
26.89
27.45
28.78
29.38
29.41
30.02
31.32
31. 98
32.60
25.64
26.17
28.15
30.05
30.67
30.68
31.32
23.16
23. 78
31.96
25. 02
25. 53
26.26
26.81
27.52
51
52
53
24.40
24.90
25.40
28.09
28.66
28.73
32.63
24.27
24. 16
33.29
33.97
23.64
24.11
24.59
25.07
27,35
27.90
28.00
28.56 29.23
33.30
33.29 33.98
29.32
29,98
30.58
31.18
30.64
31. 30
31.93
26.05
31.97 32.63
25.91
26.41
26.57
27.09
26.70
27.23
27.77
31.25
32.61
34.66
54
55
25.25
25. 74
29.91
30.50
28.44
29.13
29.81
31.87
32.56
33.26
33.95
34.65
35. 35
28.99
29,54
30. 10
36.04
36.74
37.43
31.09
25.55
26.03
26.51
27.00
32.49
33.
33.74
33.20
33.83
31.79
33.91
34.56 35.28
35.21
34.62 35.33
36. 01
36.69
37,37
38.06
56
26.23
26.73
26.92
27.43
27.61
28.13
28.30
28.84
29.69 30.39
30.25
30.82
31.39
31.96
57
97
39
32.27
32.87
33.47
33.00
33.61
34.47
35.11
35.75
35.95
27.94
28.45
29.37
29.91
58
31.55
27.23
27.72
28.66
32.13
32.71
34.36
34.99
35.86
36.62
37.29
38.13
38.83
30.65
59
60
29.18
27.48
28.22
28.96
29.71
30.45
31.20
34.23
36.52
TABLE 13-1 Annual Percentage Rate (APR) Finance Charge per $100 (continued)
ANNUAL PERCENTAGE RATE TABLE FOR MONTHLY PAYMENT PLANS
SEE INSTRUCT I ONS FOR USE OF TABLES
FRB-104-M
ANNU AL PERCENT AGE RATE
NUMBER
OF
PAYMENTS 14.00% 14.25% 14.50% 14. 75% 15.00% 15.25% 15.50% 15.75% 16.00% 16.25% 16.50% 16.75% 17.00% 17.25% 17. 50% 17.75%
(FINANCE CHARGE PER $100 OF AMOUNT FINANCED)
1.17
1.75
1.19
1.78
2.38
1.21
1.82
2.43
1.27
1.91
2.55
3.20
3.84
1.29
1.94
2.59
3.25
3.91
1.42
2.13
2.85
3.57
1.23
1.85
1.31
1.97
1.40
2.10
2.80
3.51
4.23
1.25
1.88
1.33
2.00
1.35
1.37
2.07
1.44
2.16
2.89
3.62
1.46
2.19
2.93
3.67
1.48
2.51
3.14
3.78
2.04
2.72
2.22
2.97
3. 13
2.64
3.30
2.68
3. 36
2.34
2.47
2.16
2.93
3.53
3.09
3.12
2.99
3.04
3.41
3.46
3.59
3.65
3.97
4.04
4.10
4.16
4.29
4.35
4,42
4.48
4.72
4.87
5.09
4.12
4.12
5.32
5.92
6.53
4.20
4.81
4.27
4.89
4.35
4.42
5.06
4.57
4.79
4.94
5.66
5.24
6.00
6.77
4.49
4.64
5.02
5.75
5.17
5. 32
6.00
6.68
7.36
5.40
6.09
4.98
5.15
5.23
5.90
5.49
6.19
5.58
5.83
5.92
6.67
5. 71
5. 42
6.03
5.51
6.14
6.77
5.61
6.25
6. 88
5.80
6.29
7.00
7.12
6.38
6.48
6.58
6.78
7.48
6.89
6.35
7.00
7.11
7.84
7.22
7.96
7.32
8.08
1.43
8.19
6.46
6.57
7.54
10
6.65
7.12
7.24
7.60
B.31
7.53
8.17
8. 81
7.92
8.59
9.27
9.96
8.05
8.18
8.88
8.57
9. 30
9.89 10.04
8.70
9.45
10.20 10.35 10.50
11
7.14
7.27
7.40
8.03
8.66
7.66
8.31
8.97
7.19
8.31
8.44
8.83
8.96
9.09
9.87
7.74
8.36
7.89
8.51
8.45
8.74
9.02
9.73
9.16
9.59
9.73
13
9.12
9.79
10.47
9.43
9.58
8.97
9.59
9. 30
9.94
9. 46
10.1
10.29
11.00
10.66
10.45 10.62 10.78 10.95 11.11 11.28 11.45
12.24
14
9.13
10.12
10.82
9.63
15
9. 76
10.29
10.64
11.17 11.35
11.53
11.71
11.88 12.06
10.20 10.39
11.71 11.90 12.09
10.77
11.42
12.08
10.95
11.62
11.52
12.22
12.50 12.72 12.93 13.14 13.35
16
10.58
11.14
11.33
12.28
13.03
13, 78
12.46
12.65 12.84
13.03
13.83
11.22
11.87
17
10.82 11.02
11.45
12.07 12.30 12.52 12.74 12.97 13.19 13.41 13.64 13.86 14.09 14.31
11.82 12.02
12.42 12.62 12.83
13.23
13.99
13.43 13.63
14.21 14.4 2
18
19
20
11.66
12.29
13.57
14.64
14.54
15. 30
14.76 14.99 15.22
15.44
16.25
12.70 12.93 13.17 13.41 13.64
13.8A
14.11
14.35 14.59 14.82 15.06
15.54 15.77 16.01
21
22
23
14.07 14.32
14.74
13.33 13. 58 13.82
14.57 14.82 15.06 15. 31 15.56 15.81
17.07
17. 88
16.06
13.96 14.22 14.48
14.59 14.87
15.23 15. 51
16.31 16.56 16.81
17.09 17.36 17.62
18.43
19.24
19.45 19. 75 20.05
15.00 15.26 15.52 15.78 16.04
16.30
16.57
16.83
15.14
15.80
15.41
16.08
15.68 15.96 16.23 16.50 16.78 17.05 17.32 17.60 17.88 18.15
17.51
18.25
18.70
24
25
16.37
17.06
17.80
18.55
18.09
18.85
18.37
19.15
16.65
17.22
16.94
17.65
18.66
18.95
19.53
15.87
16.17
16.46
16. 76
17.35
17.95
20.36
26
27
16.51
17.15
17.80
16.82
17.47
18.37
19.09
19.81
20.53 20.88 21.23 21.58 21.94 22.29
21.26 21.62
17.13
17.80
17.44
17.75
18.06
18.99
19.30
20.06 20.39 20.71
18.68
19,62 19.93
20.24
20.56 20.87 21.19
16.12
18.80
18.44
19.14
18.76
19.41
20.15
19.74
21.04
20.48 20.82 21.16 21. 50 21.84
21.37 21.69
22.18 22.52 22.86
22.02
28
18.13
18.79
19.47
20.18
18.47
18.45
19.10
29
19.14
19.81
19.49
19.83
20.17 20.54
22.64 22.99 23.35 23.70
24.18
30
19.45
20.90
21.99 22.35 22.72 23.08
23.45 23. AL
24.55
31
19.75
20.40
20.12
20.79 21.17 21.56 21.95
21.46
20.49 20.87 21.24
21.61 21.99 22.37 22.74 23.12 23.50 23.88
22.33
23.06
25.02
24.26
25.07
24.64
25.40
22.72 23.11 23.50 23.89
23.46
24.28
23.86 24.26 24.67 25.07
32
24.68
25.48 25.8 8 26.29 26.70
26.28
27.09
25.46
25.86
26.25
27.11
27.97
33
21.06
21.85 22.25 22.65
34
35
26.70 27.12 27.54
28.39
21.72 22.13
22.54 22.95 23.37
23.78 24.19 24.61 25.03 25.44 25.86
24.51 24.94 25. 36 25,79 26.23
22.38
22.80
23.23
23.65
24.08
26.66
27.52 21.96
28.83
36
23.04
23.70
23.48
23.92
24.61
24.35
24.80
25.51
25.24
25.68
25.97 26.42
26.12
26.88 27.34
26.57 27.01
27.80
27.46
27.90 28.35 28.80 29.25
29.70
30.57
37
24.16
25.06
28.26
29.06
25.30
25. 52 26.00 26.48
26.70
27.17 27.64
27.92 28.41 28.89
28.7? 29.18 29.64 30. 10
29.53 30.0i 30.49 30.96
30. 36 30. 85 31.34 31.83
31.18
24.37
28.59
29.38
30. 18
38
24.84
25.77
26.24 26.70
28.11
31.44
39
40
25.04
27.44
29.87
30.68
26.96
32.32
25.71
26. 20
27.19
27.69 28.18 28.68 29.18
29.68
31.68 32.19 32.69
33.20
41
42
26.39
27.06
32.01 32.52 33.04
33. 90
26.89
27.40
27.91
28.92
28.41
29.15
29.44
29.67 30.19 30.72
30.46
31.25
29.95
30.97
31.49
33.56
28.10 28. 62
34.08
34.97
27.58
31.78
32.58
32.31
33.13
32.84 33.3 7
34.44
43
27.74
28.27
28.81
29.34
29. 88
30.42
30.96
31.50
32.04
35. 86
36. 76
37.66
33.67 34.22 34.76
35.31
28.42 28.97 29.52
29.67
30.07
30. 79
35. 63
44
34.51 35.07
36.19
45
29.11
30.23
31.36
31.92
32.49
33.06
33.63
34.20
34.77 35. 35 35. 92 36.50 37.08
Transcribed Image Text:Meghan Pease purchased a small sailboat for $8,350. She made a down payment of $1,700 and financed the balance with
monthly payments of $237.38 for 36 months.
(a) What is the finance charge (in $) on the loan?
2$
(b) Use Table 13-1 to find what annual percentage rate was charged on Meghan's loan. (Round your answer to two decimal
places.)
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