Dylan purchased A points, each of which reduced his APR by B%. The cost per point was
Question:
Dylan purchased A points, each of which reduced his APR by B%. The cost per point was 1% of the loan amount. His new APR is C%, and his points cost him D dollars. Write an algebraic expression for:
a. The original APR
b. The principal
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a The original APR 12 12B BD 12 001 ...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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