ChevyGirl253
Answered

Find I. Choose the right answer. Amount Financed (m) = $1,100 Number of Payments per year (y) = 12 Number of Payments (n) = 18 Total Interest (c) = $88.18

A10.6%
B10.1%
C10.3%

Verified Answer :

zwienconek
B10.1%

 (2)(12)($88.18) ÷ [($1100)(18+1)]
        (2,116.32)  ÷ (20,900)
        = 0.1012
        = 10.1%

Answer:

10.1

Step-by-step explanation:


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