What is the APR on a 4 8 - month loan on an $ 1 8 ,

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Question:

What is the APR on a

48 -

month loan on an $

18, 000

car, if you put $

3000

down payment and the monthly payments are $

373.28

use this formula

APR

= 2

-

(

+ 1)

\

times

100

Related Book For answer-question

Personal Financial Planning

ISBN: 9781439044476

12th Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Posted Date: Apr 01, 2024 06:34 AM

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What is the APR on a 4 8 - month loan on an $ 1 8 ,

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Personal Financial Planning

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