Question
Paula plans to borrow $29000 in repay it on a instalment basis over 6 years. The loan is being made on in Annan basis with
Paula plans to borrow $29000 in repay it on a instalment basis over 6 years. The loan is being made on in Annan basis with a 8.6% interest rate. Calculate the total finance charges on this loan. Calculate the monthly payment on this loan. Calculate the APR on this loan.
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