Question
A student has a total of $2500 in student loans that will be paid with a 48- month installment loan with monthly payments of $61.62.
A student has a total of $2500 in student loans that will be paid with a 48- month installment loan with monthly payments of $61.62. Determine the APR of the loan to the nearest one- half of a percent. Find the apr, to the nearest half percent.
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
