r = ((I / Po) / 2) * 100%,
r = ((675 / 3500) / 2) * 100% = 9.643% = APR.
Note:24 mo. = 2years.
Find the APR:
Amount Financed $3500; Interest Charged $ 675; Number of Payments 24
2 answers
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Amount Financed $3500; Interest Charged $ 675; Number of Payments 24
2 answers