Find the APR (rounded to the nearest tenth of a percent) for the loan. Purchase...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Find the APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for $1,300 at 9% add-on interest for 4 years. Yes but it said add on insterest for 4yrs how much it is APR
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!