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3 Virginia has ust been quoted what appears to be a very competitive loan for $2,000 to be paid back in 24 monthly payments of

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3 Virginia has ust been quoted what appears to be a very competitive loan for $2,000 to be paid back in 24 monthly payments of $96.66 with a finance charge of $240. Using the n-ratio method of estimating the APR, what is the APR on this loan? Y(95P+9)F APR- 12P(P + 1)(4D+F)

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