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ebook Chapter 7 Financial Planning Exercise 9 Calculating interest and APR of installment loan Assume that interest is the only finance charge. Use financial calculator

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ebook Chapter 7 Financial Planning Exercise 9 Calculating interest and APR of installment loan Assume that interest is the only finance charge. Use financial calculator to answer the questions. How much interest would be paid on a $7,000 installment toon to be repaid in 6 monthly instaliments of $150.057 Round the answer to decimal places per month What is the APR on this loan? Round the answer to 2 decimal places W Grade it Now Save & Continue Continue without saving

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