Calculate the APR of a loan for $9,925, including loan fees of $270, at 12.5% for...

Question

Question

Answer 1

Answer #1

Calculating Interest Rate,

Using TVM Calculation,

I = [PV = 9,925, PMT = -270, N= 72, I = 0.125/12]

I = 25.43%

Answer 2

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