Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a living room set for $3,700 at 11% add-on interest for 3 years. %
Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a living room set for $3,700 at 11% add-on interest for 3 years. %
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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Find the APR (rounded to the nearest tenth of a percent) for the loan described below.
Purchase a living room set for $3,700 at 11% add-on interest for 3 years.
%
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