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Using the add-on method, calculate the APR of a loan for $11,750 at 11% for 3 years. (Do not round intermediate calculations. Round your answer
| Using the add-on method, calculate the APR of a loan for $11,750 at 11% for 3 years. (Do not round intermediate calculations. Round your answer to the nearest tenth percent.) |
| APR | % |
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Introduction To Financial Management
Authors: Sudanshu Pandeya
1st Edition
1774695316, 978-1774695319
