Hi, I would like help figuring out the solutions to the amount financed, total f

Question

Hi, I would like help figuring out the solutions to the amount financed, total finance charge and APR please. I have added the 2 tables it asks to refer to below the problem.

Thank you.

Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1 and Table 14.1(b)) (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent.) Purchase price Down Number of Amount Total of monthly Total finance of a used car payment monthly payments financed payments charge APR $5,693 $1,233 48 S $5,749.76 (Click to select) 12.50% to 12.75% 12.75% to 13.00% 13.00% to 13.25%

Explanation / Answer

Purchase price of a used Car Down Payment Number of Mothly Payments Amount Financed Total Monthly Payment total Finance Charge APR 5693 1233 48 4460 5749.76 1289.76 13.00% to 13.25%

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