Question
First America Banks monthly payment charge on a 48-month, $22,000 loan is $588.26. The U.S. Banks monthly payment fee is $597.70 for the same loan
First America Bank’s monthly payment charge on a 48-month, $22,000 loan is $588.26. The U.S. Bank’s monthly payment fee is $597.70 for the same loan amount.
What would be the APR for an auto loan for each of these banks? (Round your final answers to the nearest hundredth percent.)
APR | ||
First America Bank | between % | and % |
U.S. Bank | between % | and % |
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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