Dave borrowed $600 on January 1, 2022 The bank charged him a $8 00 service charge, and interest was $47 20 If Dave paid the $600 in 12 equal monthly payments, what was the APR Note Do not round intermediate calculations Enter your answer as a percent rounded to 1 decimal place Annual percentage ra...

To calculate the Annual Percentage Rate APR we need to find the effective interest rate charg ...

Dave borrowed $600 on January 1, 2022. The bank charged him a $8.00 service charge, and...

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Focus On Personal Finance

ISBN: 9780077861742

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Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Dave borrowed $600 on January 1, 2022. The bank charged him a $8.00 service charge, and...

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