Question: You just leased a computer for your online classes. The computer's selling price is $1,500. You agree to pay the retailer $69.91 at the beginning
You just leased a computer for your online classes. The computer's selling price is $1,500. You agree to pay the retailer $69.91 at the beginning of each month for 2 years. Don't round your calculations. What is the annual percentage rate (APR) for the loan? (nearest percent without percent symbol (%), e.g. 5)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
