1. Find the APR on a $10,000 loan with an add-on method interest rate of 6% compounded...
Question:
2. Find the APR on a $15,000 loan with an add-on method interest rate of 8% compounded monthly for 2 years.
3. Find the APR on a 25-year mortgage of $300,000 carrying a stated interest rate of 6.5% compounded monthly and having three points?
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1 The APR is about 1108 2 ...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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