A copier that originally cost $300 was sold on the installment plan at $28 per month for 12 months. Find the installment price if no down payment was made. Find the finance charge. 2. . Find the...

A copier that originally cost $300 was sold on the installment plan at $28 per month for 12 months. Find the installment price if no down payment was made. Find the finance charge.

2. . Find the annual percentage rate on a loan of $1,600 for 24 months if $200 interest is charged and the loan is repaid in monthly payments. Use Table 12-1.