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 $9,000 installment loan to be repaid in 60 monthly installments of $200.367 Round the answer to 4 decimal places. % per month What is the APR on this loan? Round the answer to 2 decimal places. % Grade it Now Save & Continue Continue without saving