Use the following information and the tables in the business math handbook that accompanies the course textbook to answer the question.
$140.10 per month
cash price: $5,600
down payment: $0
cash or trade months with bank-approved credit; amount financed: $5,600 finance charge: $2,806
total payments: $8,406
what is the apr by table lookup?

a. 16.50%–16.75%
b. 17.00%–17.25%
c. 16.75%–17.00%
d. 17.25%–17.50%

He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.