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Determine the APR. 1. Helen Olson needs an installment loan of $999.00. She must repay the loan in 24 months. The monthly payment is

Determine the APR. 1. Helen Olson needs an installment loan of $999.00. She must repay the loan in 24 months. The monthly payment is $44.96. 2. Oneta Correy wants to obtain an installment loan of $9,900.00 to purchase a used truck. The bank has agreed to a loan for 24 months at $439.89 per month.

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