Martina plans to borrow $18,000 and repay it on an installment basis over 5 years....
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Finance
Martina plans to borrow $18,000 and repay it on an installment basis over 5 years. The loan is being made on an add-on basis with a 9.5% interest rate.
A. Calculate the total finance charges on this loan.
B. Calculate the monthly payment on this loan.
C. Calculate the APR on this loan
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