Calculate the finance charge (in [tex]$) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.\ \textless \ br/\ \textgreater \ Number of\ \textless \ br/\ \textgreater \ unt\ \textless \ br/\ \textgreater \ ced\ \textless \ br/\ \textgreater \ Monthly\ \textless \ br/\ \textgreater \ Payments\ \textless \ br/\ \textgreater \ Payment\ \textless \ br/\ \textgreater \ 200\ \textless \ br/\ \textgreater \ 72\ \textless \ br/\ \textgreater \ $[/tex]427.08
Finance
Charge
APR
%
I Help?
Rand It

Question

29-06-2024
Mathematics

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Calculate the finance charge (in [tex]$) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.\ \textless \ br/\ \textgreater \ Number of\ \textless \ br/\ \textgreater \ unt\ \textless \ br/\ \textgreater \ ced\ \textless \ br/\ \textgreater \ Monthly\ \textless \ br/\ \textgreater \ Payments\ \textless \ br/\ \textgreater \ Payment\ \textless \ br/\ \textgreater \ 200\ \textless \ br/\ \textgreater \ 72\ \textless \ br/\ \textgreater \ $[/tex]427.08
Finance
Charge
APR
%
I Help?
Rand It

Sagot :

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