If you quote a consumer loan customer an APR of 16 percent on a $10,000 loan with

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If you quote a consumer loan customer an APR of 16 percent on a $10,000 loan with a term of four years that requires monthly installment payments, what finance charge must this customer pay?

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Bank Management and Financial Services

ISBN: 978-0078034671

9th edition

Authors: Peter Rose, Sylvia Hudgins

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Question Posted: Oct 31, 2014 10:54 AM

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If you quote a consumer loan customer an APR of 16 percent on a $10,000 loan with

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Bank Management and Financial Services

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