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For the following loan, find (a) the finance charge and (b) the APR. Use a TVM solver to find the APR. Olivia borrowed $3150

 

For the following loan, find (a) the finance charge and (b) the APR. Use a TVM solver to find the APR. Olivia borrowed $3150 to purchase a home entertainment system. She agreed to monthly payments of $82.29 for 40 months.

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