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Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the

Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.)

Amount Financed Number of Payments Monthly Payment Finance Charge APR
$18,200 72 $424.08 $ %

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Advances In Quantitative Analysis Of Finance And Accounting (Vol. 4)

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