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Business, 06.08.2021 15:50 ladybugys

Chuong Ngo borrows $2700 from a bank that advertises a 7% simple interest rate and repays the loan in three equal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage Rate Formula.

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Chuong Ngo borrows $2700 from a bank that advertises a 7% simple interest rate and repays the loan i...
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