Question: $ 4 , 2 5 0 . Since you must repay a tatal of $ 2 9 , 2 5 0 in one year, the

$4,250. Since you must repay a tatal of $29,250 in one year, the finance compary requires you to poy $29,25072 or $2,43750 per month over the next $2 months. is this a 17% loan? Annual percentage rate
Elfective annual rate
$4,250. Since you must repay a tatal of $29,250 in one

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