Paula purchaser borrowed $500 at 12 percent for one year. she paid a $25 processing fee.
the i...
Mathematics, 02.09.2019 01:50 antmaan15
Paula purchaser borrowed $500 at 12 percent for one year. she paid a $25 processing fee.
the interest paid will be $ ?
thus, the total finance charge (the interest plus the processing fee) will be $ ?
therefore, the apr = total finance charge ÷ amount borrowed = ? %
!
Answers: 2
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