Question: Ch 07. Enter Problems - Using Consumer Loans Search Back to X Anempts 0 Average 0/2 6. Cho7 Financial Planning Exercise 7 eBook Chapter 7

Ch 07. Enter Problems - Using Consumer Loans Search Back to X Anempts 0 Average 0/2 6. Cho7 Financial Planning Exercise 7 eBook Chapter 7 Financial Planning Exercise 9 Calculating interest and APR of installment loan Assume that interest is the only finance charge. Use financial calculator to answer the questions. How much interest would be paid on a $7,000 installment loan to be repaid in 60 monthly installments of $150.05? Round the answer to 4 decimal places. ar month 2 What is the APR on this loan? Round the answer to 2 decimal places. Grade it Now Save Continue Continue without saving MacBook Pro

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