1. A $2000 loan for 1 year at 5% APR with a monthly payment of $171.21 2....
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2. A $5000 loan for 1 year at 6% APR with a monthly payment of $430.33
3. A $20,000 loan for 3 years at 6% APR with a monthly payment of $608.44
4. A $10,000 loan for 2 years at 7% APR with a monthly payment of $447.73
Give the add-on interest rate.
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1 00273 or about 273 2 0032...View the full answer
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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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