Question: 11.7375% is Also Wrong. please Solve Correctly. Shirley Trembley bought a house for $184,800. She put 20% down and obtained a simple interest amortized loan

11.7375% is Also Wrong. please Solve Correctly. Shirley Trembley bought a

11.7375% is Also Wrong. please Solve Correctly.

Shirley Trembley bought a house for $184,800. She put 20% down and obtained a simple interest amortized loan for the balance at 1183% for 30 years. If Shirley paid 2 points and $3,427.00 in fees, $1,102. 70 of which are included in the finance charge, find the APR. (Round your answer to one decimal place.) . %

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

I have Upload it 3rd time, Please Solve Correctly and Explain where 2 points and $3427 in fees and $1102.70 is used. Shirley Trembley bought a house for $184,800. She put 20% down and obtained a...

Please Solve Fast and Correct. Shiriey Trembley bought a house for $184,800. She put 20% down and obtained a simple interest amortized loan for the balance at 1183% for 30 years. If Shirley paid 2...

Shirley Trembley bought a house for $184,800. She put 20% down and obtained a simple interest amortized loan for the balance at 1183% for 30 years. If Shirley paid 2 points and $3,427.00 in fees,...

Help !!! Shiriey Trembley bought a house for $184,800. She put 20% down and obtained a simple interest amortized loan for the balance at 1183% for 30 years. If Shirley paid 2 points and $3,427.00 in...

please anwser to one decimal Shirley Trembley bought a house for $184,800. She put 20% down and obtained a simple interest amortized loan for the balance at 11830 for 30 years. If Shirley paid 2...

Solve Asap !! Shiriey Trembley bought a house for $184,800. She put 20% down and obtained a simple interest amortized loan for the balance at 118396 for 30 years. If Shirley paid 2 points and...

Dr.Ramsey Please assist me with my discussion post. Subject: Annuities Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government...

CORRECTLY ANSWERSED You and your team work for an educational institution that has 5 campuses and over 40,000 students. Since March 2020, all campuses were closed due to COVID-19 virus presence in...

You are a seasoned Personal Financial Advisor and you have been recently employed to advise a young couple seeking to secure their future wealth. Michael and Tipper Luke are a newly wedded couple who...

Read Chapters 1,2,4,7 and Write a 800 - 1000 word Reflection Paper Grading : ?Thoughtfulness?Reactions,personal experiences,criticisms, etc. ?Application to your futureprofessional(and personal)life...

Refer to the Professional Judgment in Context feature "Accounting Problems Related to Long-Lived Assets at Ignite Restaurant Group." Answer the following questions: a. What long-lived asset accounts...

The joint and marginal pdf's of x = amount of almonds and Y =amount of cashews are f(x, y) fx(x) p= = 24xy 0 0 x 1,0 y 1, x + y 1 otherwise {12(1- [12x(1x) 0x 1 otherwise with fy(y) obtained by...

A theatre manager holds a number of music concerts through the summer months. She has decided to introduce an online booking system to replace her current paper-based booking system. Give four...

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Why is the direct plan acceptable for notifying job applicants that they were not selected for a position? (Objectives 5 and 6)

You are the franchised dealer for Starlight satellite TV. Last week you ran a four-room installation special in the local newspaper that offered free installation, one-month free service, and a free...

Teamwork.Ethics.Working with three classmates with two on each side of the issue, debate the ethics of using the indirect or the direct plan for negative messages. (Objectives 3, 4, 5, and 6)