Mathematics, 24.02.2022 01:10 galarzachristopher
There is a $81,818 loan with annual interest due. There was $900 in closing fees and $6,300 in total interest the first year. If the APR is the finance charge (interest plus fees) for one year ÷ amount financed, what was the APR for that year?
A) 8.1%
B) 9.2%
C) 8.8%
Answers: 1
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There is a $81,818 loan with annual interest due. There was $900 in closing fees and $6,300 in total...
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