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In: Accounting

Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan...

Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.)

Amount
Financed		 Number of
Payments		 APR Table
Factor		 Finance
Charge		 Monthly
Payment
$9,400 36 13% $ $ $

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Expert Solution

The answer has been presented in the supporting sheet. All of the parts has been solved with detailed explanation and calculation. For detailed answer refer to the supporting sheet.

ekkarill92 answered 1 year ago
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