Assume that interest is the only finance charge. use, Ask an Expert

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Assume that interest is the only finance charge. Use financial calculator to answer the problems.

How much interest would be paid on a $6,000 installment loan to be repaid in 24 monthly installments of $282.71? Round the answer to 4 decimal places.

What is the APR on this loan?

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Basic Finance, Finance

Category:- Basic Finance
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