Calculate the finance charge and monthly payment for the following loan using the APR tables, Table 13-1 from your text, rounding dollars to the nearest cent.
Amount
Number of
Table
Finance
Monthly
Financed
Payments
APR
Factor
Charge
Payment
$1,250
18
12.5%
What will be an ideal response?
10.19; $127.38; $76.52
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