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12. (-/1 Points) DETAILS BRECMBC9 13.11.050 MY NOTES ASK YOUR TEACHER Tim Houston purchased a...

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12. (-/1 Points) DETAILS BRECMBC9 13.11.050 MY NOTES ASK YOUR TEACHER Tim Houston purchased a wall unit for $2.700. He made a $600 down payment and anced the balance with an installment for months. It is payments are $4250 per month, use the APR formula to calculate what annual percentage the paying on the loan (Round your answer to two decimal places) 13. -/1 Points) DETAILS BRECMBC9 13.11.054. MY NOTES ASK YOUR TEACHER (a) What is the rate fraction of 6 month loan and off after the 12th payment (1) What is the relatie fraction of a 5 month on paid off after the oth payment

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