You wish to borrow $2,000 to be repaid in 12 monthly installments of $170.30. The annual...

Question

Question

You wish to borrow $2,000 to be repaid in 12 monthly installments of $170.30. The annual terest rate (APR) is?

A) 22% B) .04% C) 4% D) 24%

business finance

Answer 1

Answer #1

fic =RATE(C5, C6, C4,0,0)*12 AB E F G H I J K L M N O P Q R S PV 2000 Nper 12 Pmt -170.3 APR 4.00% K N Sheet3 Sheet4 Sheets S

Answer 2

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