Phil bought a used car for $4,640. He paid $640 down and financed the balance for 36 months. His monthly payments were $126.27. Find the finance charge that he paid to the nearest cent and the APR that he was charged to the nearest half of a percent.
Number of Payments
Annual Percentage Rate
8.0%
8.5%
9.0%
9.5%
30
10.66
11.35
12.04
12.74
36
12.81
13.64
14.48
15.32
48
17.18
18.31
19.45
20.59
The finance charge is $__________.The APR is __________%.

What will be an ideal response?

536;