For the car loan described, give the following information.
How much money would you have paid in the end= 145.62$per month × 36 months=5242.32$
Amount paid in interest=5242.32$-4500$=742.32$
What percentage of 4500$ is 742.32= (742.32$/4500$)× 100 = 16.5%
16.5% would be the APR.
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