Using the process illustrated in Figure 9.4 and the Math Minute, determine the APR in the following
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Using the process illustrated in Figure 9.4 and the Math Minute, determine the APR in the following cases:
a. A $700 purchase requires a down payment of $60 with the balance to be paid in 12 monthly payments of $60 each.
b. A $2,000 purchase requires a down payment of $100 and 24 monthly payments of $90 each.
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Related Book For 
Managing Your Personal Finances
ISBN: 9781305076815
7th Edition
Authors: Joan S. Ryan, Christie Ryan
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