Asked by Anonymous

Find the APR:

Amount Financed $3500; Interest Charged $ 675; Number of Payments 24
Answered by Henry
r = ((I / Po) / 2) * 100%,
r = ((675 / 3500) / 2) * 100% = 9.643% = APR.

Note:24 mo. = 2years.
Answered by Anonymous
56
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