You wish to borrow $2,000 to be repaid in 12 monthly installments of $170.30. The annual terest

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You wish to borrow $2,000 to be repaid in 12 monthly installments of $170.30. The annual terest rate (APR) is?

A) 22% B) .04% C) 4% D) 24%

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Thermodynamics for Engineers

ISBN: ?978-1133112860

1st edition

Authors: Kenneth A. Kroos, Merle C. Potter

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Posted Date: Jun 05, 2020 12:33 AM

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You wish to borrow $2,000 to be repaid in 12 monthly installments of $170.30. The annual terest

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Answer 218 per annum Explanation Let... View the full answer

Thermodynamics for Engineers

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