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Tim worker buys a satellite dish for 329.99 he pays 10% down and takes installment loan to complete the purchase he makes 12 payments which include his principal and a 40.00 fin…

Tim worker buys a satellite dish for 329.99 he pays 10% down and takes installment loan to complete the purchase he makes 12 payments which include his principal and a 40.00 fin…
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Tim worker buys a satellite dish for 329.99 he pays 10% down and takes installment loan to complete the purchase he makes 12 payments which include his principal and a 40.00 finance charge what is the APR of this loan

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User Nishit Maheta
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Hey

the answer is Problem 3(11): Loan Amount: $15,000 Method of payment: discount basis Amount of Interest : $650 Term of loan: 1 year Effective Rate of Interest (to the nearest tenth)

Hoped I Helped
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User Soroosh Bateni
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