4 r KUse the table to answerparts a through c below.(The numbers in themiddle of the table showthe amount of thefinance charge forevery $100 thatis borrowed.)NumberofPayments303648My finance charge is $(Type a value from the table.)4.0%5.0%5.5%(Finance charge per $100 of amount financed)5.256.597.266.298.38The APR is %.(Type a whole number or decimal.)Annual Percentage Rate4.5%...5.927.099.467.9010.548.71a) If I borrow $100 with an APR of 4.0% and a loan period of 36 months, what is myfinancecharge?11.63b) If I borrow $900 with an APR of 4.0% and a loan period of 36 months, what is myfinance charge?My finance charge is $(Round to the nearest cent as needed.)c) If I borrow $100 for 30 months and my finance charge is $5.25, what is the APR?

The finance charge per $100 is the fee charged for credit.

Use the table to answer parts a through c below. (The numbers in the middle of the table show the amount of the finance charge for every $100 that is borrowed.) Number of Payments 30 36 48 My finance charge is $ (Type a value from the table.) 4.0% (Finance charge per $100 of amount financed) 5.25 6.59 7.26 7.90 8.71 10.54 6.29 Annual Percentage Rate 4.5% 8.38 The APR is %. (Type a whole number or decimal.) 5.92 7.09 9.46 5.0% 5.5% a) If I borrow $100 with an APR of 4.0% and a loan period of 36 months, what is my finance charge? 11.63 b) If I borrow $900 with an APR of 4.0% and a loan period of 36 months, what is my finance charge? My finance charge is $ (Round to the nearest cent as needed.) c) If I borrow $100 for 30 months and my finance charge is $5.25, what is the APR?

Use the table to answer parts a through c below. (The numbers in the middle of the table show the amount of the finance charge for every $100 that is borrowed.) Number of Payments 30 36 48 My finance charge is $ (Type a value from the table.) 4.0% (Finance charge per $100 of amount financed) 5.25 6.59 7.26 7.90 8.71 10.54 6.29 Annual Percentage Rate 4.5% 8.38 The APR is %. (Type a whole number or decimal.) 5.92 7.09 9.46 5.0% 5.5% a) If I borrow $100 with an APR of 4.0% and a loan period of 36 months, what is my finance charge? 11.63 b) If I borrow $900 with an APR of 4.0% and a loan period of 36 months, what is my finance charge? My finance charge is $ (Round to the nearest cent as needed.) c) If I borrow $100 for 30 months and my finance charge is $5.25, what is the APR?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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