Sunday

December 21, 2014

December 21, 2014

Posted by **Kimmy** on Tuesday, January 26, 2010 at 6:42pm.

The interest paid will be $95.00, $92.50, or $90.00

Thus, the total finance charge (the interest plus the processing fee) will be? $115.00, $112.50, or $110.00 ?

Therefore, to the nearest tenth, the APR = total finance charge (divided by) amount borrowed = 14.7%, 14.3%, or 13.9% ?

Thanks much.

**Answer this Question**

**Related Questions**

math - Karla borrowed $750 at 12 percent for one year. She paid a $20 processing...

math - Carla Compra borrowed $800 at 14% for one year. She paid a $15 processing...

Math - Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 ...

Finance - Joshua borrowed $2,300 for one year and paid $138 in interest. The ...

math - Determine the annual net cost of these checking accounts: a. Monthly fee...

finance - a $200 cash advance by using checks linked to to her credit card ...

Finance - lisa borrowed $8000.00 on an 8%, 60 day note after 15 days she paid $...

Finance - Rancher Rick purchased an additional 80 acres of hay ground to produce...

math - Sam received a $290 discount loan to purchase a stereo. The loan was ...

Business Finance - Lisa Kane borrowed $8000 on an 8% 60 day note. After 15 days...