Landon Wallin is an auto mechanic who wishes to start his own business. He will need $4300 to purchase tools and equipment. Landon decides to finance the purchase with a 60-month fixed installment...

Extracted text: Landon Wallin is an auto mechanic who wishes to start his own business. He will need $4300 to purchase tools and equipment. Landon decides to finance the purchase with a 60-month fixed installment loan with an APR of 4.5%. a) Determine Landon's finance charge. b) Determine Landon's monthly payment. 1 Click the icon to view the partial APR table. a) Landon's finance charge is $ (Round to the nearest cent as needed.) b) Landon's monthly payment is $ (Round to the nearest cent as needed.) 1: Partial APR Table Annual Percentage Rate Number of 4.5% 5.0% 5.5% 6.0% 6.5% payments Finance charge per $100 of amount financed) 36 48 60 7.09 7.90 8.71 10.34 13.83 17.40 9.52 9.46 10.54 11.63 12.73 11.86 13.23 14.61 16.00