Question 8 10 pts Consider a $18,000, three-year loan at an interest rate of 2%, payments to be made monthly. What...

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business finance

Answer 1

Answer #1

APR = INT Rate per period * No. of periods per anum

= 2% * 12

= 24% i.e 24.00

Pls comment, if any further assistance is required

Answer 2

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