1. convert the credit card rate to APR. Oregon, 11/4% per month. 

2. Find the APR (rounded to the nearest tenth of a percent) for the loan described below. purchase a living room set for $3,300 at 10% add-on interest for 3 years. 

3. Find the APR(round to the nearest tenth of a percent)for the loan described below. purchase a refrigerator for $1,500 at 13% add-on interest for 3 years. 

 

4. consider the following loan. purchase a refrigerator for $1,700 at 13% add-on interest for 3 years. give the formula used to approximate the annual percentage rate, or APR, for an add-on loan, where R is the annual interest rate as a decimal and N is the number of monthly payments. APR= Determined the following values for this loan. R= N=

Find the APR(rounded to the nearest tenth of a percent for the loan. =

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