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Find the APR ( true annual interest rate ) , to the
Undergraduate
Find the APR ( true annual interest rate ) , to the nearest half percent, for the following loan. table [ [ table
Find the APR
(
true annual interest rate
)
,
to the nearest half percent, for the following loan.
\
table
[
[
\
table
[
[
Amount
]
,
[
Financed
]
]
,
\
table
[
[
Finance
]
,
[
Charge
]
]
,
\
table
[
[
Number of
]
,
[
Monthly Payments
]
]
]
,
[
$
4
6
0
0
,
$
8
9
4
,
4
8
]
]
Click the icon to view the annual percentage rate table.
The annual percentage rate is
%
.
Find the monthly payment for the loan.
Purchase Price
$
3
9
0
0
Down Payment
$
8
0
0
Finance Charge
$
2
3
0
# of Monthly Payments
6
0
The monthly payment is $
.
(
Round to the nearest cent as needed.
)
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