A bank offers a 24-month installment loan with an APR of 10.5%. Martha wishes to use the

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A bank offers a 24-month installment loan with an APR of 10.5%. Martha wishes to use the loan to finance a sofa for $1,000. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment.

A. $46.38
B. $41.67
C. $52.97
D. $46.04

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Posted Date: Feb 01, 2019 10:12 AM

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A bank offers a 24-month installment loan with an APR of 10.5%. Martha wishes to use the

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A 4638 Work it out First Look at Annual percentage rate table for m... View the full answer

Financial Algebra advanced algebra with financial applications

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