Posted by **Israel** on Tuesday, November 27, 2007 at 10:08am.

please help me thanks :)

Paul needs to repay a loan(installment loan) of $3,500 with 20 equal monthly payments of $196 each. What is the APR of the laon?

I got 11.16% then I got 12 % so I don't know

## Answer This Question

## Related Questions

- Math - Please check my answer thanks :) When repaing an installment loan of $3,...
- math - Cassandra is repaying an installment loan of $3,500 with 20 equal monthly...
- Business Math - Cassandra is repaying an installment loan of $3,500 with 20 ...
- math - Cassandra is repaying an installment loan of 3,500 with 20 equal payments...
- Business Finance - Cassandra is repaying an installment loan of $3500 with 20 ...
- Math - 1. Rishi ram obtained an installment loan for $3,000.00. He agreed to ...
- Maths - Firm has a $500,000 loan with 9% APR (compounded monthly) Loan is 5-yr ...
- Math - 4. Vanna has just financed the purchase of a home for $200 000. She ...
- business math - financing furniture that costs $4200.00 with a two year ...
- math formulas - 4. Vanna has just financed the purchase of a home for $200 000. ...

More Related Questions