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Mathematics, 15.12.2021 23:50 whimsy

Chuong Ngo borrows $1800 from a bank that advertises a 8% simple interest rate and repays the loan in three equal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage Rate Formula. %?

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Chuong Ngo borrows $1800 from a bank that advertises a 8% simple interest rate and repays the loan i...

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