Personal Finance

posted by .

What would be the APR on $1200.00 if the total interest paid was 75.00 for 36 months. The bank charge a service charge of 12.00 for the loan.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Maths

    In order to make some home improvements, a home owner spent $40,000. He paid 20% as a down payment and financed the balance of the purchase with a 36-month fixed installment loan with an APR of 7.5%. Determine the home owner’s a) …
  2. math

    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?
  3. math

    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?
  4. Business math

    what the rebate of the finance charge and payoff would be if the pickup truck loan were paid off after 27 months instead of 60. Total of monthly payments 60 x 194.38. I don't know how to get the total finance charge
  5. math

    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.
  6. Business Math

    1,500 personal loan, bank is going to charge a fee of 2% of loan amount as well as take out the interest upfront. The bank is offering 15% APR for six months. Calculate the effective interest rate.
  7. Real Estate Finance

    If bank wished to earn $6,300 on a loan over twelve months, what interest rate would the bank have to charge?
  8. Finance

    Joshua borrowed $2,300 for one year and paid $138 in interest. The bank charged him an $15 service charge. If Joshua paid the $2,300 in 12 equal monthly payments, what is the APR?
  9. math

    Carla Compra borrowed $800 at 14% for one year. She paid a $15 processing fee. The interest paid will be $. Thus, the total finance charge (the interest plus the processing fee) will be $ Therefore, to the nearest tenth, the APR = …
  10. Finance

    A family purchased a new ski boat for $20,000. The loan agency required a down payment and financed the balance for 36 months with an APR of Determine the total finance charge and monthly payment for the loan.

More Similar Questions