Question: Chapter 7 Financial Planning Exercise 9 Calculating interest and APR of installment loan Assuming that interest is the only finance charge, how much interest would

Chapter 7 Financial Planning Exercise 9 Calculating interest and APR of

Chapter 7 Financial Planning Exercise 9 Calculating interest and APR of installment loan Assuming that interest is the only finance charge, how much interest would be paid on a $8,000 installment loan to be repaid in 48 monthly installments of $210.727 Round the answer to the nearest cent. $ What is the APR on this loan? Round the answer to 2 decimal places

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