Question
Miguel purchased a hot tub costing $5,030 by taking out an installment loan. He made a down payment of $1,300 and financed the balance for
Miguel purchased a hot tub costing $5,030 by taking out an installment loan. He made a down payment of $1,300 and financed the balance for 24 months. If the payments are $173.77 each month, use the APR formula to find the APR. Round to the nearest hundredth of a percent.
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
