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18-04-2022
Mathematics

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Use the APR formula On a 5000 installment loan with payments of $226 per month for 24 months

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Аноним Аноним

18-04-2022

APR= (interest + fees/ loan amount) / no. of days ×355 ×10

= 5000/226 / 24 × 365 × 10

= 33640.83

= 33640.83/365

= 93%

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