Question
Compute the APR of the following loan: I borrow two thousand dollars for 4 years from a lender who charges me 9% simple interest, but
Compute the APR of the following loan: I borrow two thousand dollars for 4 years from a lender who charges me 9% simple interest, but imposes a $80 loan origination fee. The loan will be repaid in one lump sum at the end of the four year period. APR = _____%
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
