Harold borrowed $8,000 for five years at an APR of 6.75%. a. What is Harold's monthly payment?

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Harold borrowed $8,000 for five years at an APR of 6.75%.
a. What is Harold's monthly payment?
b. What is the total amount that Harold paid in monthly payments for the loan?
c. What is the amount Harold will pay in finance charges?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:47 AM

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Harold borrowed $8,000 for five years at an APR of 6.75%. a. What is Harold's monthly payment?

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a Use the monthly payment formula ...View the full answer

Financial Algebra advanced algebra with financial applications

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