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Find the APR (True Annual Interest Rate), to the Nearest =$2300= \$ 2300

Question 156

Multiple Choice

Find the APR (true annual interest rate) , to the nearest half percent, for the following loan.
-Amount Financed =$2300= \$ 2300
Finance Charge =$260= \$ 260
Number of Monthly Payments =24= 24


A) 11%11 \%
B) 10.5%10.5 \%
C) 11.5%11.5 \%
D) 10%10 \%

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