Solved

Find the APR (True Annual Interest Rate), to the Nearest

Question 146

Multiple Choice

Find the APR (true annual interest rate) , to the nearest half percent, for the following.
-Amount financed: $3600 Monthly payment: $166.95
Number of payments: 24


A) 14%
B) 9.5%
C) 10.5%
D) 12%

Correct Answer:

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