Question
Chuong Ngo borrows $2100 from a bank that advertises a 7% simple interest rate and repays the loan in three equal monthly payments. Estimate the
Chuong Ngo borrows $2100 from a bank that advertises a 7% simple interest rate and repays the loan in three equal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage Rate Formula.
%
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
