How Do You Find The Constant Ratio Formula To Find An Annual Percentage Rate For A $1500 Dollar Loan Of $40.50 For 42 Months?

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Cindy Jones Profile
Cindy Jones answered
7.48%
clarence calhoun Profile
A company borrowed $3,100. It must make monthly payments of $178.37 for 18 months to pay off the loan. Use the constant ration formula to find the annual percentage rate.

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