a. You took out a loan for $68,800, at 4.5% ordinary interest. The total amount of interest
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Question:
a. You took out a loan for $68,800, at 4.5% ordinary interest. The total amount of interest was $4,644?
What is the time period (in days) of the loan?
b. You repaid a $2,500 installment loan with 24 monthly payments of $123.00 each.
What was the annual percentage rate of the loan? answer b: 16.496% ?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: