Use an annual percentage rate table to solve the problem.A restaurant owner purchased a new dishwasher for $4000. She paid 15% down and financed the balance with a  fixed installment loan with an APR of  Determine the total finance charge and monthly payment for the loan.

A. Total finance charge = $208.80; Monthly payment = $350.73
B. Total finance charge = $167.96 ; Monthly payment = $297.33
C. Total finance charge = $261.46; Monthly payment = $305.12
D. Total finance charge = $158.44; Monthly payment = $296.54


Answer: D

Mathematics

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