Sunshine purchased a sports car costing $31,200. She made a down payment of $4,700 and financed the balance with an installment loan for 48 months. If the payments are $688.12 each month, use Table 13-1 from your text to find the APR.

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The Answer of Sunshine purchased a sports car costing $31,200. She made a down payment of $4,700 and financed the balance with an installment loan for 48 months. If the payments are $688.12 each month, use Table 13-1 from your text to find the APR.

Sunshine Purchased a Sports Car Costing $31,200