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Assume that interest is the only finance charge. Use a financial calculator to answer the questions. How much interest would be paid on a $7,000
Assume that interest is the only finance charge. Use a financial calculator to answer the questions.
How much interest would be paid on a $7,000 installment loan to be repaid in 36 monthly installments of $232.54? Round the answer to 4 decimal places. % per month What is the APR on this loan? Round the answer to 2 decimal places. %
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