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Mathematics, 20.04.2021 04:30 mckinneypaige8243

James bought a cabinet for $438.00. The finance charge was $49 and she paid for it over 18 months. Use the formula Approximate APR =(Finance Charge÷#Months)(12)Amount Financed

to calculate her approximate APR.

Round the answer to the nearest tenth.

1.6%
1.7%
7.4%
7.5% ← correct answer

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James bought a cabinet for $438.00. The finance charge was $49 and she paid for it over 18 months....
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