Question
Jane Zahrleys request for a five-year automobile loan for $39,000 has been approved. Reston Bank will require equal monthly installment payments for 36 months. The
Jane Zahrleys request for a five-year automobile loan for $39,000 has been approved. Reston Bank will require equal monthly installment payments for 36 months. The bank tells Jane that she must pay a total of $5,450 in finance charges. What is the loans APR? Answer: __________% (two decimal point)
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
