Posted by **Anonymous** on Sunday, October 30, 2011 at 5:23pm.

Megan took out a loan for 1500.00. The bank is going to charge her a fee of2% of her loan amount as well as take out the interest upfront. The bank is offering her 15% APR for six months. Calculate the effective interest rate.

## Answer This Question

## Related Questions

- Business Math - 1,500 personal loan, bank is going to charge a fee of 2% of loan...
- Business Math 2 - Megan Green is interested in taking out a personal loan for $1...
- Math - 1. Rishi ram obtained an installment loan for $3,000.00. He agreed to ...
- Math - 1. Ashlyn took out a loan for $700 to buy a new Tv. The bank to going to ...
- MATH - DESHAWN TOOK A LOAN OUT FOR $1,500 AT 6.4% ANNUAL INTEREST.HIS FRIEND RAY...
- math - you borrow $1200 from a bank that bank charges 9.5% simple annual ...
- Math - - Anurag is buying a house for $100,000 and needs a mortgage loan. Bank A...
- business math - Mike Drago took out a loan for $3,800 at the Gold Coast Bank for...
- math - Tim Newman took out a simple interest loan of $1500 at a 10 percent ...
- Personal Finance - What would be the APR on $1200.00 if the total interest paid ...

More Related Questions