You have just taken out a $2,650 loan from your local bank. You paid off the loan in 1 year by making 12 monthly payments with a total interest charge of $300.00. Determine, from the information given, the annual percentage rate (APR). Round your answer to the nearest hundredth of a percent.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You have just taken out a $2,650 loan from your local bank. You paid off the loan in 1 year by making 12 monthly payments with a total ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
lauren rode her bike from her house to a friend house 3 1/3 miles away. on the first leg of her trip she rode uphill at 3 miles per hour. the second part of the trip covered a larger distance but was downhill and lauren rode at 5 miles per hour.
Answers (1)
The mass of earth is approximately 5.97 x 10^24 kilograms. The mass of Venus is approximately 4,870,000,000,000,000,000,000,000 kilograms.
Answers (1)
Keith bought a package with 2 9 / 16 pounds of ground meat to make hamburgers. He has 2/5 pounds of ground meat left. About how many pounds of ground meat did he use for the hamburgers.
Answers (1)
Write an expression for each statement. Then solve. 5 times the difference between 19 and 13
Answers (2)
Which is the better buy A) 10 penceis for 50cents B) 6 penciels for 2.70
Answers (2)
New Questions in Mathematics
Put the fractions from least to greatest: 3/4, 2/8, and 1/2
Answers (2)
Samir can rent a moving truck from Company A for $35 plus $0.50 per mile or from Which statement is true? Company B for $25 plus $0.70 per mile. A. Renting from Company A will always be cheaper. B. Renting from Company B will always be cheaper. C.
Answers (1)
The distance a car travels on a flat highway is directly proportional to the quantity of gas consumed. A Lexus travels miles on gallons of gas. What is the constant of proportionality, and what are it units
Answers (1)
Heather saves $5.00 on Monday. Each day after that, she decides to save twice as much as she did the previous day. If she saves nothing on Friday, how much does she have saved that day?
Answers (2)
Is 110 inches greater than 3 yards
Answers (1)