Omar purchased a dining set costing $1,800. He made a down payment of $500 and financed the balance with an installment loan for 36 months. If the payments are $42.25 each month, use Table 13-1 from your text to find the APR.

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The Answer of Omar purchased a dining set costing $1,800. He made a down payment of $500 and financed the balance with an installment loan for 36 months. If the payments are $42.25 each month, use Table 13-1 from your text to find the APR.

Omar Purchased a Dining Set Costing $1,800