A house costs $142,000. It is to be paid off in exactly ten years, with monthly payments of $1,779.64. What is the APR of this loan? A. 6.75% О в. 8.75% ос. 7.75% D. 9.75%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A house costs $142,000. It is to be paid off in exactly ten years, with monthly payments of $1,779.64. What is the APR of this loan?
A. 6.75%
О в. 8.75%
ос. 7.75%
D. 9.75%
Transcribed Image Text:A house costs $142,000. It is to be paid off in exactly ten years, with monthly payments of $1,779.64. What is the APR of this loan? A. 6.75% О в. 8.75% ос. 7.75% D. 9.75%
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