Question
First America Banks monthly payment charge on a 48-month, $16,000 loan is $408.26. The U.S. Banks monthly payment fee is $417.70 for the same loan
First America Banks monthly payment charge on a 48-month, $16,000 loan is $408.26. The U.S. Banks monthly payment fee is $417.70 for the same loan amount. What would be the APR for an auto loan for each of these banks? (Use Table 14.) (Round your final answers to the nearest hundredth percent.)
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
