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Find the Annual Percentage Rate Using the Annual Percentage Rate

Question 39

Multiple Choice

Find the annual percentage rate using the annual percentage rate table. Find the annual percentage rate using the annual percentage rate table. -Amount Financed: $560 Finance Charge: $38.47 Number of monthly payments: 12 A) 11.50% B) 11.00% C) 10.25% D) 12.50% Find the annual percentage rate using the annual percentage rate table. -Amount Financed: $560 Finance Charge: $38.47 Number of monthly payments: 12 A) 11.50% B) 11.00% C) 10.25% D) 12.50%
-Amount Financed: $560
Finance Charge: $38.47
Number of monthly payments: 12


A) 11.50%
B) 11.00%
C) 10.25%
D) 12.50%

Correct Answer:

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