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Complete the following table. (Note: Round your answers to the nearest dollar.) Annual Percentage Rate...

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Finance

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Complete the following table. (Note: Round your answers to the nearest dollar.) Annual Percentage Rate (APR) You also want to calculate the APR (annual percentage rate) and compare it to the stated interest rate. First, compute the average annual finance charge by dividing the total finance charge by the Ife of the loan, which is two years (2.0 years). Enter this value in the following equation. (Note: Round your answers to the nearest dollar.) Next, as a single-payment loan, the average loan balance outstanding is constant at $4,000, Complete the calculation for APR and enter it in the following equation. (Note: Round your answers to the nearest dollar or whole percentage point.) APR = Average Annual Finance Charge/Average Loan Balance Outstanding =/$4,000

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