See if you can determine what APR you are charging a consumer loan customer if you grant
Question:
See if you can determine what APR you are charging a consumer loan customer if you grant the customer a loan for five years payable in monthly installments, and the customer must pay a finance charge of $42.74 per $100.
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Assuming a borrowed amount of 100 the total amount to be repaid will ...View the full answer
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Related Book For 
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
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