The total finance charge (fees plus interest) divided by the amount financed represents a ratio that can be used to determine the annual percentage rate of a loan, or APR.

The total finance charge (fees plus interest) divided by the amount financed represents a ratio that can be used to determine the annual percentage rate of a loan, or APR.

asked Aug 16, 2017 142k views

1 Answer

← Prev Question Next Question →

Related questions

asked Dec 14, 2017 126k views

The total finance charge (fees plus interest) divided by the amount financed represents a ratio that can be used to determine the annual percentage rate of a loan, or APR. True or False

Karthik G R asked Dec 14, 2017

8.1k points

2 answers

5 votes

126k views

asked Apr 6, 2018 82.4k views

Mike Morgan has a $83,098.59 loan. He paid $1,000 in fees and $4,900 in total interest the first year. If the APR is the finance charge (interest plus fees) for one year ÷ amount financed, what was the

Viraj Dhamal asked Apr 6, 2018

by Viraj Dhamal

7.5k points

2 answers

3 votes

82.4k views

asked Aug 17, 2018 146k views

Mike Morgan has a $83,098.59 loan. He paid $1,000 in fees and $4,900 in total interest the first year. If the APR is the finance charge (interest plus fees) for one year ÷ amount financed, what was the

Tobberoth asked Aug 17, 2018

8.3k points

2 answers

3 votes

146k views

Search Qamnty