Find the APR (true annual interest rate) to the nearest half percent.
Amount Financed$5,500Finance Charge$422.95Number of Monthly Payments18APR Table (Finance Charge per $100 of Amount Financed)Annual Percentage Rate
Number of Payments8.0%8.5%9.0%9.5%10.0%12.0%124.394.664.945.225.506.62186.456.867.287.698.109.77248.549.099.6410.1910.7512.984817.1818.3119.4520.5921.7426.40__________% APR
Fill in the blank(s) with the appropriate word(s).
9.5
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