Dave borrowed $730 on January 1, 2017. The bank charged him a service charge of $4.00 and

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Dave borrowed $730 on January 1, 2017. The bank charged him a service charge of $4.00 and interest was $54.40. If Dave paid the $730 in 12 equal monthly payments, what was the APR?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: Jan 12, 2021 10:27 PM

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Dave borrowed $730 on January 1, 2017. The bank charged him a service charge of $4.00 and

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Intermediate Accounting

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