John Edmonds borrowed $500. He repaid the loan in 22 monthly payments of $26.30 each. Find the

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John Edmonds borrowed $500. He repaid the loan in 22 monthly payments of $26.30 each. Find the annual percentage rate.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:50 AM

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John Edmonds borrowed $500. He repaid the loan in 22 monthly payments of $26.30 each. Find the

Question:

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Paid back 263022 57860 Finance charge 57860 ...View the full answer

Business Math

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