Question
Guy de Primo buys a new car for $9,355.54. He puts 10% down and obtains a simple interest amortized loan for the balance at 10
Guy de Primo buys a new car for $9,355.54. He puts 10% down and obtains a simple interest amortized loan for the balance at 10 7 8 % interest for four years. If loan fees included in the finance charge total $633.87, find the APR. (Round your answer to one decimal place.) %?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Rockin Your Business Finances
Authors: Chrstine Odle
1st Edition
0999135104, 9780999135105
