Compute the apr of the following loan i borrow two thousand, Ask an Expert

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Compute the APR of the following loan: I borrow two thousand dollars for 4 years from a lender who charges me 9% simple interest, but imposes a $80 loan origination fee. The loan will be repaid in one lump sum at the end of the four year period. APR = _____%

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Financial Management, Finance

Category:- Financial Management
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