Question: Given this is the situation, how should I be calculating the APR for each form of debt? It is assumed that these are monthly compounding.

Given this is the situation, how should I be calculating the APR for each form of debt? It is assumed that these are monthly compounding.

I am bit unclear with the question though. Should I be calculating the compound interest rate for each debt, using the repayment amount, and then calculate their APR?

If so, what equation should I be using to calculate the compound interest rate?

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