Question
Joshua borrowed $900 for one year and paid $45 in interest. The bank charged him aservice charge of $12. If Joshua repaid the loan in
Joshua borrowed $900 for one year and paid $45 in interest. The bank charged him aservice charge of $12. If Joshua repaid the loan in 12 equal monthly payments, what is the APR?
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
