6. Nancy finishes college with two loans, one for $26,700 at 3.86% APR, one for $12,980 at...

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6. Nancy finishes college with two loans, one for $26,700 at 3.86% APR, one for $12,980 at 5.025% APR. Determine, correct to the nearest hundreth of a percent, the fair rate of consolidation of these loans.

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Financial Accounting and Reporting

ISBN: 978-1292162409

18th edition

Authors: Barry Elliott, Jamie Elliott

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Posted Date: Mar 24, 2024 06:30 AM

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6. Nancy finishes college with two loans, one for $26,700 at 3.86% APR, one for $12,980 at...

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To determine the fair rate of consolidation for Nancys loans we need to calculate the weighted avera... View the full answer

Financial Accounting and Reporting

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