32-36 answers please 32. You borrow $300 from your uncle and agree to repay...
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32-36 answers please
32. You borrow $300 from your uncle and agree to repay him $350($300 principal plus $50 interest) in 18 months. What interest rate are you paying? 33. You get a 180 -day $3,000 consumer loan at 11%. You are required to pay a $100 setup fee at the time you get the loan. What is your APR? 34. A lender makes a $12,500 loan for 90 days at 10% interest, using a 360 day year. What is the APR? 35. You get a payday loan. The lender charges you $10 per week for each $100 you borrow. Assuming you borrow $500 for 2 weeks, what APR will you be paying? 36. You get a loan using the discount method. You sign a note, agreeing to repay the lender $12,000 in 180 days. Assuming a discount rate of 10.5%, determine the APR
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