Samir purchased a car for $40,000. He made a down payment of

Academic Help algerbra Samir purchased a car for $40,000. He made a down payment of

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Samir purchased a car for $40,000. He made a down payment of

Samir purchased a car for $40,000. He made a down payment of $18,000 and paid $694.47 monthly for 3… Show more Samir purchased a car for $40,000. He made a down payment of $18,000 and paid $694.47 monthly for 3 years. Find the APR from the table below. Annual Percentage Rate 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% Number of Payments 36 $9.52 $10.34 $11.16 $11.98 $12.81 $13.64 (Finance charge per $100 of amount financed) Annual Percentage Rate 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% Number of Payments 36 $14.48 $15.32 $16.16 $17.01 $17.86 $18.71 $19.57 (Finance charge per $100 of amount financed) A) 7.0% B) 7.5% C) 8.0% D) 8.5% • Show less

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