Posted by Kim on .
Karla borrowed $750 at 12 percent for one year. She paid a $20 processing fee.
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% ?
Using several pseudonyms, as you have for this and the previous 5 posts, is unnecessary.
excuse me? can you please help me with my math problems please? Thank You.
Ralph, Kevin, Kendra, Nikki, Carly, Kim, or whoever...
Ms. Sue means that you don't need to keep posting under different names; we can see that you are posting from only one computer.
And I will add this: Understand that no one here will do your work for you. However, we will be happy to read over whatever you come up with and make suggestions and/or corrections.
Please post what you think.