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You just borrowed $10,000 from the crooked bank at 10% with monthly payments for 60 months....

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Finance

You just borrowed $10,000 from the crooked bank at 10% withmonthly payments for 60 months. you had to pay an origination feeof $250 at the time you borrowed the money. What is the APR on theloan?

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You just borrowed $10,000 from the crooked bank at 10% withmonthly payments for 60 months. you had to pay an origination feeof $250 at the time you borrowed the money. What is the APR on theloan?

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