Posted by Kim on Wednesday, January 27, 2010 at 11:01am.
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% ?

math  Ms. Sue, Wednesday, January 27, 2010 at 11:43am
Using several pseudonyms, as you have for this and the previous 5 posts, is unnecessary.

math  Kim, Wednesday, January 27, 2010 at 12:02pm
excuse me? can you please help me with my math problems please? Thank You.

math  Writeacher, Wednesday, January 27, 2010 at 12:23pm
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.
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  annual net cost Monthly fee $4, check processing fee of 20 cents, ...
 math  Determine the annual net cost of these checking accounts: a. Monthly fee...
 Math  Marianna's cell phone company charged her an upfront fee and a monthly ...
 math  Marianna's cell phone company charged her an upfront fee and a monthly ...
 Finance  Joshua borrowed $2,300 for one year and paid $138 in interest. The ...
 finance  which of the following investments paid the highest rate of return? (a...
 Math  If I paid a partial payment of 160 on the 9of Sept on a balance that's ...
More Related Questions