Complete the table. Using the Annual Percentage Rate for Monthly Payment Plans on page 36 & 37, find
the finance charge per $100 and the APR.
45
1.
Finance Charge
$33.10
$159.36
$108.00
$691.74
Amount
Financed
$1,000.00
$2,400.00
$3,000.00
$5,400.00
Finance Charge
per $100
a
a
a
a
Number of
Payments
6
24
18
36
Annual
Percentage Rate