Pete Size read the following partial advertisement: Price $20,999; down payment $1,000; cash or trade; $390.85 per month for 60 months. Calculate (A) the total finance charge and (B) the APR by table lookup.
A. $3,452;
B. Between 6.25% and 6.5%

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The Answer of Pete Size read the following partial advertisement: Price $20,999; down payment $1,000; cash or trade; $390.85 per month for 60 months. Calculate (A) the total finance charge and (B) the APR by table lookup.
A. $3,452;
B. Between 6.25% and 6.5%

Pete Size Read the Following Partial Advertisement: Price $20,999; Down