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Dave borrowed $1,250 on January 1, 2019. The bank charged him an $8.00 service charge and interest was $76.50. If Dave paid the $1,250 in
Dave borrowed $1,250 on January 1, 2019. The bank charged him an $8.00 service charge and interest was $76.50. If Dave paid the $1,250 in 12 equal monthly payments, what was the APR?
| 10.42% | ||
| 12.48% | ||
| 10.06% | ||
| 12.9% |
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Property Finance
Authors: David Isaac
2nd Edition
0333987144, 978-0333987148
