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You're borrowing $6,000 for a year and a half with a stated annual interest rate of 6% Complete the following table. (Note: Round your answers

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You're borrowing $6,000 for a year and a half with a stated annual interest rate of 6% Complete the following table. (Note: Round your answers to the nearest dollar) $6,000 Principal Finance charges Loan disbursement s Total payback 5 Annual Percentage Rate (APR) You also want to calculate the APR (annual percentage rate) and compare it to the stated interest rate First, compute the average annual finance charge by dividing the total finance charge by the life of the loan, which is a year and a half (1.5 years) Enter this value in the following equation. Note: Round your answers to the nearest dollar) Next, as a single-payment loan, the average loan balance outstanding is constant at the 1975

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