Calculate the finance charge and monthly payment for the following loan using the APR tables, Table 13-1 from your text, rounding dollars to the nearest cent. $$\begin{array} { l l l l l l }
\text { Amount } & \text { Number of } & & \text { Table } & \text { Finance } & \text { Monthly } \
\underline {\text { Financed }} & \underline { \text { Payments } } & \underline { \text { APR } } & \underline { \text { Factor } } & \underline { \text { Charge } } & \underline { \text { Payment } }\
\$8,600&48&18\%
\end{array}$$

Question

Calculate the finance charge and monthly payment for the following loan using the APR tables, Table 13-1 from your text, rounding dollars to the nearest cent. $$\begin{array} { l l l l l l } 
\text { Amount } & \text { Number of } & & \text { Table } & \text { Finance } & \text { Monthly } \
\underline {\text { Financed }} & \underline { \text { Payments } } & \underline { \text { APR } } & \underline { \text { Factor } } & \underline { \text { Charge } } & \underline { \text { Payment } }\
\$8,600&48&18\%
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the finance charge and monthly payment for the following loan using the APR tables, Table 13-1 from your text, rounding dollars to the nearest cent. $$\begin{array} { l l l l l l } 
\text { Amount } & \text { Number of } & & \text { Table } & \text { Finance } & \text { Monthly } \
\underline {\text { Financed }} & \underline { \text { Payments } } & \underline { \text { APR } } & \underline { \text { Factor } } & \underline { \text { Charge } } & \underline { \text { Payment } }\
\$8,600&48&18\%
\end{array}$$

Calculate the Finance Charge and Monthly Payment for the Following