
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
النسخة 8الرقم المعياري الدولي: 978-1305585454
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
النسخة 8الرقم المعياري الدولي: 978-1305585454 تمرين 22
Chris Manning purchased a $7,590 motorcycle with a 36-month instalment loan. The monthly payments are $261.44 per month.
a. Use the APR formula to calculate the annual percentage rate of the loan. Round to the nearest hundredth of a percent.
b. Use the APR tables to verify your answer from part a.
a. Use the APR formula to calculate the annual percentage rate of the loan. Round to the nearest hundredth of a percent.
b. Use the APR tables to verify your answer from part a.
التوضيح
The given data is the amount financed is...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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