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March 29, 2017

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Find the APR:

Amount Financed $3500; Interest Charged $ 675; Number of Payments 24

  • math - ,

    r = ((I / Po) / 2) * 100%,
    r = ((675 / 3500) / 2) * 100% = 9.643% = APR.

    Note:24 mo. = 2years.

  • math - ,

    56

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