Find the APR (rounded to the nearest tenth of a percent) for each of the loans described
Question:
Find the APR (rounded to the nearest tenth of a percent) for each of the loans described in Problems 39-42.
Purchase a refrigerator for \(\$ 2,100\) at \(14 \%\) add-on interest for 3 years.
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The addon interest method implies that the interest is calculated at the beginning of the loan perio...View the full answer
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