Question
Chapter 7 Assume that interest is the only finance charge. Use financial calculator to answer the questions. How much interest would be paid on a
Chapter 7
Assume that interest is the only finance charge. Use financial calculator to answer the questions. How much interest would be paid on a $3,000 installment loan to be repaid in 48 monthly installments of $79.14? 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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An Introduction To Personal Finance
Authors: Anne Marie Ward
2nd Edition
1907214267, 978-1907214264
