Business, 16.03.2020 20:45 pa482224

Assume you obtain a $12,000 loan (without credit life insurance). It is a four-year simple-ineterest installment loan with an annual interest rate of 12.50 percent. First, what would be the monthly payment? Second, how much total interest will you pay over the four years? Third, what is the APR on this loan?

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Assume you obtain a $12,000 loan (without credit life insurance). It is a four-year simple-ineterest...

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