Find the APR (true annual interest rate) to the nearest half percent.
Amount Financed$5,400Finance Charge$490.86Number of Monthly Payments24APR 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
A. 
APR
B. 
APR
C. 
APR
D. 
APR
E. 
APR
Answer: C
Computer Science & Information Technology
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Computer Science & Information Technology