Jack Fitzgerald wishes to purchase a used car that has a

Last updated: 4/24/2023

Jack Fitzgerald wishes to purchase a used car that has a cash price of 12 000 The installment terms include a down payment of 3 000 and 48 monthly payments of 224 a What finance charge will Jack pay b What is the APR to the nearest half percent The finance charge is Annual Percentage Rate Table for Monthly Payment Plans Finance charge per 100 of amount financed Number 7 50 8 00 8 50 9 00 9 50 of Payments 36 48 11 98 12 81 13 64 14 48 15 32 16 06 17 18 18 31 19 45 20 59