Find the APR for the following loan (monthly payments). (Round your answer to the nearest full percent.) Purchase a refrigerator for $2,100 at 18% add-on interest for 3 years. A car dealer will sell you the $16,450 car of your dreams for $3,220 down and payments of $339.95 per month for 48 months. What is the total amount paid for both car and financing? (Round your answer to the nearest cent.)
Show transcribed image textFind the APR for the following loan (monthly payments). (Round your answer to the nearest full percent.) Purchase a refrigerator for $2,100 at 18% add-on interest for 3 years. A car dealer will sell you the $16,450 car of your dreams for $3,220 down and payments of $339.95 per month for 48 months. What is the total amount paid for both car and financing? (Round your answer to the nearest cent.)
